RBI holds off on rate cuts despite inflation cooling: Report
October 31, 2024
|The Daily Guardian
In a cautious outlook for the upcoming fiscal year, India Ratings and Research (Ind-Ra) projects a decline in inflation for FY25, yet it emphasizes that immediate rate cuts from the Reserve Bank of India (RBI) are unlikely.
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According to Ind-Ra, the persistent pressure of elevated food prices continues to drive inflation, suggesting that any potential reduction in interest rates will hinge on evidence of stable inflation trends nearing the RBI's target of 4 per cent. As such, market participants may need to brace for a prolonged period without rate cuts soon.
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