The Reserve Bank of India's Monetary Policy Committee will today release the outcome of its sixth bi-monthly review meeting under Governor Shaktikanta Das. Many economists expect the central bank to deliver one more rate cut in the current monetary policy easing cycle, despite consumer inflation breaching its medium-term target of 4 per cent for the first time in 15 months. India's GDP or gross domestic product expanded 4.5 per cent in the July-September period, marking the slowest pace of growth in six and a half years. Meanwhile, the government has maintained that the fundamentals of the economy remain strong, despite several financial institutions lowering their growth forecasts amid a slowdown across sectors.
No comments:
Post a Comment