Yet another instance that the statements of June 4, August 6, October 8 and December 8, 2021 underscore is the set of strong supply side interventions by the government that broke the back of then stubborn food inflation and brought headline inflation back into the tolerance band.
Sixth, the statements brought to bear first-hand views from Governor’s  interactions  in  various  multilateral  fora  on  global  developments and outlook, and the implications of global spillovers for the Indian economy and for the setting of monetary policy. In hindsight, these insights turned out to be invaluable.