RBI emphasized that recurrent inflation shocks caused by climate change can undermine policy transmission and need stricter monetary policies. According to RBI's monetary policy report, climate change has potential to increase inflation and impede GDP. It said global average temperatures are rising, with an accompanying increase in extreme weather events, and the economic and social impact is becoming increasingly evident.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pD2mS0h
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