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    <title>Edited excerpts of the Governor’s interview with ET Now on August 23, 2022</title>
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    <description>Inflation has peaked and is moderating but requires continued focus; the RBI aims to anchor expectations and guide inflation toward the target over a multi quarter cycle while preserving macroeconomic and financial stability. Policy actions-including the Standing Deposit Facility and liquidity operations-have been calibrated and will be data dependent; the RBI will not provide explicit forward guidance. Domestic conditions primarily determine policy, with global developments monitored for spillovers. The RBI supports FinTech with proportionate regulation, views crypto as a systemic risk, treats exchange rate volatility as wild short term moves to be smoothed, and remains ownership neutral on bank privatisation.</description>
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