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RBI UNLIKELY TO CUT RATES IN UPCOMING MPC MEETING: SBI
The Daily Guardian
|December 03, 2024
The SBI report also predicts the first rate cut may happen in February 2025.
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The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).
The report highlighted that the headline inflation continues to remain at uncomfortable levels, making an immediate rate cut unlikely.
It suggested that the RBI's monetary stance should remain neutral, prioritizing growth without altering its policy approach drastically. "We believe the stance should continue to be neutral, supporting growth (withdrawal of accommodation removed in last policy)," it said.
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