India’s central bank chief warns growing risk of global inflation returning

India’s central bank chief, Shaktikanta Das, highlighted that despite managing a soft landing through ongoing global shocks, there is still a risk of inflation returning and economic growth slowing down. Das emphasized that global central banks have largely performed well amidst conflicts and volatility, but challenges including geopolitical tensions, commodity price volatility, and climate change continue to pose threats. He pointed out contradictions in global markets, such as the U.S. dollar strengthening despite interest rate cuts by the Federal Reserve, indicating ongoing uncertainties in the economic landscape.

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