Monetary Policy Quote by Suman Bannerjee, CIO, Hedonova
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Below the Quote on Monetary Policy by Suman Bannerjee, CIO, Hedonova
The MPC’s decision to maintain steady policy rates is a calculated strategy aligned with managing inflation and fostering growth. Addressing persistent inflationary pressures, particularly concerning food prices, is vital. Despite recent measures reducing core inflation, maintaining this trend is crucial. With a revised GDP growth projection of 7% signaling a robust economic trajectory and the committee's high confidence in consistent growth, considering the performance of previous quarters, a rate cut isn't anticipated in the near future.
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