The statements emphasised financial stability, congenial financial conditions for growth and the orderly evolution of the yield curve as public goods and that both market participants and the RBI have a shared responsibility in securing cooperative solutions.
By the time of the October 2020 statement, Governor’s statements started contemplating the road to recovery, looking back at the hitherto untravelled road and calling upon the courage of hope to strive and revive. Attention turned to qualitative aspects like deepening financial markets, digital payments security, financial inclusion, consumer protection and innovations in payment and settlement.