RBI to announce monetary policy tomorrow. Here’s what to expect from Shaktikanta Das
- Posted on October 8, 2024
- By Business News Today
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RBI to announce monetary policy tomorrow. Here’s what to expect from Shaktikanta Das
The IMF forecasted 3.2% global growth in 2024, but geopolitical tensions and economic instability threaten this. The US Fed cut interest rates by half a percentage point, while the ECB cut by 25 basis points. China's central bank also implemented measures to stimulate its economy. India's GDP grew 6.7% in Q1 FY25, outperforming globally. The RBI is expected to maintain its neutral stance and may not raise interest rates.