Impact of digitalisation on inflation needs close monitoring: DG Patra
By
Binu Mathew
The impact of digitalisation on key economic variables relevant to monetary policy demands close monitoring, especially its effect on inflation, as the price disparities between online and offline goods could potentially steepen the Phillips curve, necessitating a reassessment of traditional inflation models, said Michael Debabrata Patra, deputy governor of the Reserve Bank of India (RBI).