(Bloomberg) India’s inflation eased for a third straight month in October, although it’s likely to bring only temporary relief to policymakers still worried about rising food costs before elections. Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingThailand Takes $28 Billion Malacca Strait Bypass Plan to USIsrael Latest: Biden
Mr Colin Shah, MD, Kama Jewelry said "RBI keeping policy rates intact is at par with the industry expectations. This pause amidst the onset of the festive season will give a much-needed boost to consumer buying sentiment, thereby propelling demand. The expansion recorded in urban consumption will further foster velocity in jewellery sales in Indian markets."
Mr Colin Shah, MD, Kama Jewelry said "RBI keeping policy rates intact is at par with the industry expectations. This pause amidst the onset of the festive season will give a much-needed boost to consumer buying sentiment, thereby propelling demand. The expansion recorded in urban consumption will further foster velocity in jewellery sales in Indian markets."
Bank Negara Malaysia (BNM) will hold its key policy rate at 3.00% on Thursday, adopting the same no-change stance as most of its Asian peers amidst signs of moderating economic growth and cooling inflation, a Reuters poll of economists showed. Inflation in the Southeast Asian nation dropped to a two-year low of 2.0% in July and the central bank, which does not particularly target inflation in setting monetary policy, said it would cool further. That suggests BNM, having raised rates by a modest 125 basis points in the current cycle, has concluded its tightening but will keep rates higher for longer as the weak ringgit, down over 5% this year, may prevent inflation from falling quickly.