MUMBAI, India, April 19 -- Reserve Bank of India issued the following speech:
It is a pleasure to be here at the 24th FIMMDA-PDAI Annual Conference in Bali, an island that shares a deep and rich heritage with India, marked by centuries of cultural and commercial ties.
2. The past year has been eventful for financial markets globally. The initial optimism that global central banks were poised for synchronised easing of interest rates, seemingly reaching the final stage in their battle against high inflation, gave way to unprecedented uncertainty in recent months. In this backdrop, this conference provides an excellent opportunity for a fruitful exchange of ideas and vibrant discussions among financial market participants. I thank the organ...