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Perspective on RBI MPC announcement Mr. Nish Bhatt, Millwood Kane International
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Below the perspective on the RBI MPC announcement Mr. Nish Bhatt, Founder & CEO, Millwood Kane International - an Investment consulting firm
“The RBI has kept interest rates on hold for the fourth time in a row, which is a prudent move given inflationary trends largely driven by food prices. The economic activities remain resilient so far, however, headwinds from weak global demand, volatility in the global financial markets, and uneven monsoon, pose risks to the future outlook.
Though, we can expect a rate-lowering cycle likely from H2CY24, depending on macroeconomics stability and no global shocks.”
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