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No rate cut seen in February: SBI
The Daily Guardian
|November 14, 2024
The interest rate cut by the Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation
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SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
The report adds that inflation is likely to average around 4.8 percent to 4.9 percent for financial year 2025, higher than the RBI target of 4.5 percent. It adds that the ease in inflation from January will be supported by base effects rather than a significant cooling of underlying price pressures.
Dit verhaal komt uit de November 14, 2024-editie van The Daily Guardian.
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