Keeping close watch on supply shock, impact on inflation: RBI Guv Malhotra
National 18 May, 2026

Keeping close watch on supply shock, impact on inflation: RBI Guv Malhotra

Business To Business, Mumbai, 18th May, 2026:   Reserve Bank of India Governor Sanjay Malhotra has said the central bank is closely monitoring whether supply shocks become embedded in the broader price level and begin influencing inflation in a way that may require monetary policy intervention.
Speaking during a panel discussion titled “Monetary Policy in a Time of Heightened Uncertainty”, jointly organised by the Swiss National Bank and the International Monetary Fund in Switzerland last week, Malhotra noted that India is accustomed to dealing with frequent supply-side shocks.
He said the RBI has maintained a neutral monetary policy stance since June 2025, giving the central bank flexibility to respond quickly and appropriately to evolving economic data and global developments.
His remarks come amid continued uncertainty in global commodity and energy markets, particularly due to geopolitical tensions and supply disruptions.

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