Quote on RBI Monetary Policy by Mr. Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund
Below the Quote on RBI Monetary Policy by Mr. Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund
“The RBI MPC managed to meet the market’s hefty expectations, by announcing a 25bps repo rate cut along with a change of stance to accommodative. Importantly, the MPC now believes that the headline CPI is aligned on a durable basis to the 4% target, thereby allowing them to focus unequivocally on growth. The RBI Governor has clearly indicated the softening path of policy rates going forward as well, which we expect to move atleast towards 5.5% over the course of CY2025, along with continuation of liquidity infusion measures – all of which bode well for the continued downward trajectory of interest rates”.
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