RBI may defer rate cut call to February as inflation's still hot
- Posted on November 10, 2024
- By Business News Today
- 3 Views
RBI may defer rate cut call to February as inflation's still hot
Economists predict that the Reserve Bank of India may postpone a rate cut until February. This delay is attributed to concerns about rising inflation and global market instability. The central bank is closely monitoring food inflation, particularly in edible oils and vegetables. Despite these concerns, some analysts anticipate a rate cut in December, citing slowing economic growth.