Reserve Bank of India Governor Shaktikanta Das stated that interest rate cuts won't be considered unless inflation firmly stabilises around the 4% target. Das emphasized that the topic of rate cuts is not even under discussion, highlighting the need for clear evidence of sustained low inflation. The central bank has maintained unchanged rates for five consecutive policy meetings, maintaining a relatively hawkish stance amid inflation above the target. Economists anticipate potential rate cuts later in the year following actions by the Federal Reserve. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
