RBI Governor Sanjay Malhotra Projects 5% Inflation for FY27

RBI Governor Sanjay Malhotra stated in the latest MPC minutes that inflation remains largely supply-driven, with the central bank projecting an average of 5% for FY27.

The policy panel signaled a slightly hawkish stance, leaving the door open for potential interest rate hikes later this year if food and fuel price volatility persists.

The RBI emphasized that it will maintain a patient approach to monetary policy, prioritizing price stability while monitoring global economic headwinds.