09-10-2024 04:13 PM | Source: Waterfield Advisors
Quote on Monetary Policy Committee Meeting Outcome by Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors
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Below the Quote on Monetary Policy Committee Meeting Outcome by Vipul Bhowar, Senior Director, Listed Investments, Waterfield Advisors
"The neutral stance provides flexibility for banks, supporting lending activities without an immediate need for rate hikes or cuts. This should help maintain healthy credit flows to businesses and individuals, which is vital for sustaining the economic momentum. The unchanged rates are likely to sustain consumer demand, particularly in sectors like housing, which is crucial during the ongoing festive season."
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