Quote on today`s RBI MPC announcement by Mr. Raghvendra Nath, MD, Ladderup Asset Managers

Below the Quote on today`s RBI MPC announcement by Mr. Raghvendra Nath, MD, Ladderup Asset Managers
The MPC's decision to hold the repo rate steady at 5.5% hasn’t come as a surprise, as the committee has already frontloaded rate cuts earlier this year and has announced its intent to inject ample liquidity into the banking system, by way of reducing Cash Reserve Ratio (CRR). It is likely that they will continue to remain neutral and assess how effectively the earlier rate cuts are transmitting through the banking system through reduced lending rates, improved credit availability, and greater consumer confidence. This usually takes a few months to reflect. With inflation trends easing, buoyed by a promising monsoon and healthy kharif season, we can expect a rate cut in the second half of FY25
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