Central banks tightening monetary policies, raising fears of imminent recession: RBI Governor | Business – Times of India Videos

Reserve Bank of India Governor Shaktikanta Das on July 22 said that the Central banks are tightening monetary policies at a very rapid pace, raising fears of an imminent recession. “We are living in turbulent times. The continuing war in Europe and pandemic have rendered the global macro-economic outlook uncertain. Countries are facing unexpectedly high inflation, including food inflation, supply chain disruptions and demand-supply imbalances,” he said. “Central banks are tightening monetary policies at a very rapid pace, raising fears of an imminent recession. Commodity prices eased somewhat in June, but they remain elevated,” he added.