官方社群在线客服官方频道防骗查询货币工具

India Central Bank Policy Stance Shift To Neutral Opens Door For Rate Cuts

2025年01月08日 03:14:40
news.like.tgnews.like.tgnews.like.tgnews.like.tg

LIKE.TG | 发现全球营销软件&服务汇聚顶尖互联网营销和AI营销产品,提供一站式出海营销解决方案。唯一官网:www.like.tg

(RTTNews) - The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate.

The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to keep the policy repo rate unchanged at 6.50 percent.

New MPC member Nagesh Kumar voted to reduce the policy repo rate by 25 basis points. The repo has been at 6.50 percent since February 2023.

The central bank had lowered rates last in May 2020, when the repo rate was reduced by 40 basis points to 4.00 percent.

The rate-setting body unanimously decided to change the monetary policy stance from the "withdrawal of accommodation" to "neutral" and to remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete, the bank said.

Policymakers observed that the domestic growth outlook remained resilient underpinned by private consumption and investment. This provides headroom for monetary policy to focus on the goal of attaining a durable alignment of inflation with the target.

They said enduring price stability strengthens the foundations of a sustained period of high growth. After a transient spike in the near-term, headline inflation is forecast to moderate.

Das said headline inflation is on a downward trajectory, though its pace has been slow and uneven. The slowdown in headline inflation is expected to reverse in September and likely to remain elevated in the near-term due to adverse base effects, among other factors, he added.

Food inflation pressures could see some easing later in this financial year. But he cautioned that adverse weather events continue to pose contingent risks to food inflation. On the other hand, core inflation appeared to have bottomed out, Das noted.

The CPI inflation for 2024-25 is projected at 4.5 percent, unchanged from the previous outlook. The bank retained its real GDP growth projection for 2024-25 at 7.2 percent.

A less hawkish tone in RBI's communication strengthens the view that the easing cycle will begin in December, Capital Economics' economist Shilan Shah said. The economist expects 100 basis points of cuts in the upcoming cycle, taking the repo rate down to 5.50 percent before the end of 2025.

LIKE.TG汇集全球营销软件&服务,助力出海企业营销增长。提供最新的“私域营销获客”“跨境电商”“全球客服”“金融支持”“web3”等一手资讯新闻。

点击【联系客服】 🎁 免费领 1G 住宅代理IP/proxy, 即刻体验 WhatsApp、LINE、Telegram、Twitter、ZALO、Instagram、signal等获客系统,社媒账号购买 & 粉丝引流自助服务或关注【LIKE.TG出海指南频道】【LIKE.TG生态链-全球资源互联社区】连接全球出海营销资源。

本文由LIKE.TG编辑部转载自互联网并编辑,如有侵权影响,请联系官方客服,将为您妥善处理。

This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.


Server deployment全球论坛人工智能论坛全球峰会发展论坛战略论坛开放论坛程序员论坛互联网峰会科技峰会
加入like.tg生态圈,即可获利、结识全球供应商、拥抱全球软件生态圈加入like.tg平台,即可获利、结识全球供应商、拥抱全球营销软件生态圈加入like.tg生态资源圈,即可获利、结识全球供应商、拥抱全球软件生态圈
加入like.tg生态圈,即可获利、结识全球供应商、拥抱全球软件生态圈加入like.tg平台,即可获利、结识全球供应商、拥抱全球营销软件生态圈加入like.tg生态资源圈,即可获利、结识全球供应商、拥抱全球软件生态圈