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Below the Quote on the RBI monetary policy by Mr. P R Seshadri, MD & CEO, South Indian Bank 

“As the RBI Governor rightly pointed out, the global economy is still a blurred picture. Globally, inflation seems to be moving closer towards desired numbers and growth seems to be holding up, even for emerging economies. At the same time, new geo-political flashpoints such as the current disruption in the Red Sea, seem to be taking economies two steps back after each step forward. In such an unpredictable scenario, economic action must display more caution than aggression. As expected, the RBI has decided to maintain the status quo in the policy rates. Nevertheless, we agree with the Governor’s contention that we have much to look forward to in 2025. India continues to show resilience with softening inflation, stable liquidity position, and buoyant consumption patterns. As we approach the end of FY24, we have much to be happy about compared to the same time in 2022. As predicted by the Governor, our economy, in terms of real GDP, will continue to grow at a rate of 7%, for the fourth successive year, in FY25.”

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