Governor’s Statement, October 7, 2026
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Summary
Good morning and Namaskar. My greetings to all and best wishes for the forthcoming festive season. 2. The sudden reescalation of the West Asia conflict in September and the consequent hardening and volatility in global crude prices soured global economic sentiments and heightened financial market volatility. Although global growth remains resilient, it is projected to decelerate in 2026 from the previous year. Driven by escalating energy costs and rising food prices, global inflation is projecte