Key Points
Reserve Bank Governor Shaktikanta Das will announce the next set of monetary policy on Friday morning amid expectations of a status quo on the benchmark interest rates...
The RBI has been holding the key interest rate (repo) at 6.5 per cent since February 2023..
Experts are of the opinion that the RBI will maintain the status quo on interest rates as inflation remains a matter of concern, though the European Central Bank and Bank of Canada have started reducing their respective key rates...
According to an SBI research paper, Prelude to MPC Meeting, the RBI is likely to cut the repo rate in the third quarter of the current fiscal and such rate cut cycle is likely to be shallow.It said CPI-based retail inflation is expected to remain close to 5% in May & decline thereafter to 3% in July.Inflation is expected to stay below 5% beginning October till the end of 2024-25, it added...
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