India's RBI Governor Das says it's premature to discuss interest rate cuts due to inflation above target.
India's RBI Governor Shaktikanta Das stated that it is premature to discuss interest rate cuts as the country's inflation remains above the central bank's target. Inflation figures for June are expected to be close to 5%, surpassing the Reserve Bank of India's target of 4%. With economic uncertainty globally and in India, it is too early to consider discussing an interest rate cut, Das said.
July 11, 2024
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