Reuters poll: RBI maintains rates until at least July due to India's 8.4% Q4 economic growth and high inflation.
Reuters poll reveals India's central bank, RBI, to maintain interest rates until at least July due to strong economic growth and high inflation. India's economy grew by 8.4% in Q4 of 2023, and inflation, though close to the upper band, is anticipated to decline to 4.00% in Q3. The RBI is expected to hold rates until at least September, with a median forecast of 6.25% by end-Q3 and 6.00% by year-end.
March 26, 2024
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