RBI paper sees enough signs of firming up disinflationary trends

According to a paper by Michael Debabrata Patra — the deputy governor heading the monetary policy department and also a member of the MPC — and his department colleagues Joice John and Asish Thomas George, persistence and inflationary trends are on the decline, suggesting that inflation expectations are slowly getting re-anchored as policy actions and stance are gaining traction and have started showing demand restraining influences.

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