RBI can't budge on rates due to inflation target: Economists

Quick Summary:

Economists predict interest rates will stay high due to inflation exceeding the Reserve Bank of India's target.

Despite this, government officials are urging rate cuts to stimulate the economy.

Experts highlight that while lower rates can encourage spending and investment, other factors like income and capacity utilization play a significant role.

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Article Details

Author / Journalist: Mayur Shetty

Category: EconomyBusiness

Markets: India

Topics: Inflation data Inflation target RBI interest rates Rate cuts 2025 Economists predictions Business news MPC meeting

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 09:28:25 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23710833

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Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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