ICICI Securities Primary Dealership, an investment advisory firm, said the Central Bank of India has limited room to cut interest rates in 2024 due to the inflation outlook. The MPC is likely to change its stance at its April meeting and possibly cut interest rates in June. This could be the earliest time to cut interest rates. The Central Bank of India has kept Intrerest Rate unchanged since April this year, with concerns about inflation highlighted in the minutes of its December meeting, which could mean that the start of the Central Bank's rate cuts will be delayed. As a benchmark, the consulting firm believes that the Fed will start cutting interest rates in the second quarter of next year.
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Investment advisory firm: The Central Bank of India will cut interest rates as early as June next year
ICICI Securities Primary Dealership, an investment advisory firm, said the Central Bank of India has limited room to cut interest rates in 2024 due to the inflation outlook. The MPC is likely to change its stance at its April meeting and possibly cut interest rates in June. This could be the earliest time to cut interest rates. The Central Bank of India has kept Intrerest Rate unchanged since April this year, with concerns about inflation highlighted in the minutes of its December meeting, which could mean that the start of the Central Bank's rate cuts will be delayed. As a benchmark, the consulting firm believes that the Fed will start cutting interest rates in the second quarter of next year.