The RBI of India will raise interest rates again on Tuesday to control price rise despite slowing growth, but its job may get complex due to government's policies that are pulling the economy in the opposite direction & the wobbly global markets, indicate a report from central bank.
A survey of professional forecasters show that economic growth rate may slow down to 7.6% from 7.9% forecast earlier. In inflation has been increased from 8.8% from 8.6%. In inflation remains a concern & will continue to occupy an important space in monetary policy setting.The RBI is probably creating headroom for a pause in the rate hike cycle in the near future given the emerging growth risks from the global & domestic front.
A survey of professional forecasters show that economic growth rate may slow down to 7.6% from 7.9% forecast earlier. In inflation has been increased from 8.8% from 8.6%. In inflation remains a concern & will continue to occupy an important space in monetary policy setting.The RBI is probably creating headroom for a pause in the rate hike cycle in the near future given the emerging growth risks from the global & domestic front.
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