Has RBI waited too long to cut interest rates and is one around the corner finally?
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RBI's Monetary Policy Committee is contemplating interest rate cuts; US Fed recently cut rates by 50 bps, influencing global central banks; RBI Governor Shaktikanta Das emphasizes domestic factors in policy decisions; FY25 inflation estimate at 4.5%, below the 4% target; SBI Research predicts first rate cut may not occur until February 2025; retail inflation at 3.65% in August; concerns over potential inflation rise in September and October; RBI raised rates by 250 bps from May 2022 to February 2023; market expectations for RBI rate cuts are high; historical context shows rate cuts often precede recessions.
#Rbi #InterestRates #Inflation #UsFed #Economy #Policy #SbiResearch #ShaktikantaDas #MonetaryPolicyCommittee #FinancialMarkets
https://www.newindianexpress.com/web-only/2024/Sep/24/has-rbi-waited-too-long-to-cut-interest-rates-and-is-one-around-the-corner-finally
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