India: RBI seen keeping rates unchanged – UOB
|Economist at UOB Group Lee Sue Ann expects the RBI to maintain its policy rates unchanged at 6.50% at its event later in the week.
Key Quotes
With headline CPI inflation likely to remain above RBI’s 4% target till late 2024, we expect RBI to keep peak policy rates unchanged through most of calendar year 2024 to anchor the disinflation process.
For the upcoming 8 Dec MPC meeting, we expect RBI to keep the repo rate unchanged at 6.50%.
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