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RBI not seen taking eye off inflation as prices may stay sticky in 2023

'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay

Photo: Bloomberg
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Photo: Bloomberg

Subrata Panda Mumbai
The recent fall in inflation may not prompt the central bank to take its eye off the issue as prices may stay sticky in 2023, bankers said at the book launch of Roller Coaster — An Affair with Banking by veteran journalist and Business Standard Consulting Editor Tamal Bandyopadhyay.

“There is some distance to cover as far as managing inflation is concerned,” said Amitabh Chaudhry, managing director (MD) and chief executive officer (CEO), Axis Bank.

He said the government may continue to be cautious about spending, even if general elections are scheduled in one and a half years.

“Elections are