Third, I would lay out several challenges ahead that one could anticipate, requiring reimagination and rebalancing of the research function within the Reserve Bank. 1/6  BIS - Central bankers' speeches  I. Recent Challenges in Policy Making and Research Issues 5.
Given the enormity of the multiple shocks, the world before the pandemic appears to have become a distant memory, but I would like to start with a brief account of the key policy issues we were grappling with in the pre-pandemic period. The global growth momentum was losing steam and domestically we were experiencing a slowdown in growth.