India’s Early Rate-Cut Hopes Dim as Inflation Threat Lingers
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India's central bank is expected to keep interest rates unchanged at 6.5% for a seventh straight policy meeting. The government's warning of a coming inflation threat and the faster-than-expected growth of the economy have diminished hopes for an early rate cut. While some economists see a chance for the central bank to signal rate cuts in the future, most expect it to maintain its hawkish stance.

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https://www.bloomberg.com/news/articles/2024-04-04/india-s-early-rate-cut-hopes-dim-as-inflation-threat-lingers