Deserved prize.

Congratulations. "Reserve Bank of India (RBI) Governor Shaktikanta Das, who was confirmed the Governor of the Year Award 2023 by Central Banking...has highlighted how monetary authorities went well beyond their traditional briefs in response to challenges over the last few years. Das received the award in London as part of the Central Banking Awards 2023." ET. Thus proving the point that, "Das' lack of formal education in economics has proven to be a gift that allows him to make unconventional choices with great success." The Print. "He is a retired IAS officer," who "studied history at St. Stephen's College at the University of Delhi." Das held interest rate at 4% for 24 months from May 2020 to May 2022, NDTV, when consumer (CPI) inflation was well above the RBI tolerance level of 6%. rateinflation.com. Masterly inactivity is indeed unconventional and a trained economist may well have panicked. On 14 June, "The US Federal Reserve voted to pause its aggressive campaign of interest rate hikes despite 'elevated' inflation, while indicating a sharp increase could be needed before the end of the year." NDTV. "After 10 straight increases, the Fed's rate-setting committee voted to hold its benchmark lending rate between 5.0 percent and 5.25 percent, the central bank said in a statement." "The Bank of England has raised interest rates for a 12th consecutive time," as "The Bank rate has gone up to 4.5% from 4.25% following a meeting of the Monetary Policy Committee." BBC. "Prices rose by 8.7% in the year to April." "The Bank of Canada hiked its overnight interest rate to a 22-year high of 4.75% on June 7, having kept borrowing costs steady since January to assess the impact of tightening so far." Reuters. "Australia's central bank raised its benchmark rate by a quarter-point on June 16 to an 11-year high of 4.1%." "The European Central Bank raised euro zone borrowing costs to their highest level in 22 years," when "it took its policy rate to 3.5%, a level not seen since 2001." Reuters. "The quarter-percentage-point move was ECB's eighth consecutive interest rate hike since it badly misjudged the tenaciousness of price rises early last year." The ECB's timidity has caused a recession. "The eurozone's economy, formed by 20 EU members who have adopted the euro as their common currency, shrunk by 0.1 percent for a second consecutive quarter." ET Now. "According to the official Eurostat website, the overall inflation for 2023-24 stands at 8.1 percent." "Last month, Germany, the largest economy in the Euro area...said that it had fallen into recession." The RBI is ahead of the curve, opting for a pause in its rate hikes and holding its interest rate at 6.5% in its April meeting. Mint. Already the Deutsche Bank has predicted that the pause is permanent and there will be a 100 basis point cuts in 2024. The Hindu. The RBI is so prescient. Deserves a prize. Absolutely.