RBI to delay cutting rates to early 2025 amid inflation concerns: Poll

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RBI to delay cutting rates to early 2025 amid inflation concerns: Poll - Business Standard

Quick Summary:

This was despite the RBI changing its monetary policy stance to 'neutral' in October and calls from top government ministers to cut interest rates to support a slowing economy.

Twenty-one of 48 common contributors who provided rate forecasts last month and this month pushed their expectation for the first rate cut from December to February or later.

A strong majority of economists, 62 of 67, in the Nov 18-27 Reuters poll predicted the RBI would hold its key repo rate at 6.50 per cent at the end of its Dec.4-6 meeting.