The Reserve Bank of India, the RBI has stated that growth is likely to improve moderately in 2012-13, however, the inflation path could remain around the current levels. The bank, in its Macro-economic and Monetary Development Report for 2011-2012, yesterday said that the path of inflation in financial year 2012-13 could be sticky with high oil prices, large suppressed inflation, exchange rate pass-through, the impact of indirect tax hikes, wage pressures and structural impediments to the supply response.The RBI also said that the focus of monetary policy needs to be shifted to arrest declining growth while keeping inflation under control.The RBI will announce its credit policy today.