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RBI unlikely to cut interest rate in 2024: SBI chief Setty
The Daily Guardian
|September 20, 2024
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman CS Setty has said.
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The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit.
"On the rate front, a lot of central banks are taking independent calls. While Fed rate cut would influence everyone, RBI would be mindful of the food inflation before taking a call on interest rate cut," Setty, who took over the reins of the bank recently, told PTI in an interview.
Dit verhaal komt uit de September 20, 2024-editie van The Daily Guardian.
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