Why did the RBI shift to neutral? The predictions for the future
- Posted on October 9, 2024
- By Business News Today
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Why did the RBI shift to neutral? The predictions for the future
The Reserve Bank of India's Monetary Policy Committee has kept the repo rate unchanged at 6.5% but shifted to a neutral stance. This change allows flexibility in tackling inflation while supporting growth. Economists suggest a potential rate cut in the future if inflation risks subside and growth remains resilient, with December 2024 being a likely timeline.