August inflation above 2% dents hopes of October rate cut: SBI Research
Microsoft News
August inflation above 2% dents hopes of October rate cut: SBI Research
SBI Research indicates that an October rate cut is unlikely due to inflation. A December cut also seems difficult given strong growth estimates. GST rate changes could lower non-food inflation. Retail inflation rose to 2.07 percent in August, with core inflation at 4.16 percent. Rainfall in farming states may impact food prices.
1 month ago
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