RBI Governor Raghuram Rajan has asserted that the central bank is committed to the strongest growth possible. Speaking at a function in Mumbai yesterday, Dr. Rajan said the best way for a central bank to generate growth is to bring down inflation.However, on the business community's demands for a rate cut, Dr. Rajan said the RBI does not believe it will lead to more investments. He also stressed that the current policy rates are appropriately set, hinting at a possible pause to rate hike cycle in near term.On inflation, Dr. Rajan said although RBI strongly favours the Urjit Patel's committee suggestion on targeting CPI inflation, a formal adoption of the same will happen only after government approval. The Patel committee had suggested bringing down CPI inflation to 8 per cent by January 2015 and 6 per cent by January 2016.Dr. Rajan said, the committee's proposed time horizon for 6 per cent inflation seems doable without extreme hardship.Attributing high food inflation to rising rural wages and administered food prices, Dr. Rajan said, the government should put an end to the frequent hikes in minimum support prices. He also said the Agriculture Produce Marketing Committee Act, which governs marketing of agriculture produce, needs to be amended. The RBI governor added that Centre's rural employment scheme, MGNREGA has also led to a massive rise in rural wages in the past few years.