RBI MPC: India s policymakers see a Goldilocks scenario with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India s Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.
India s policymakers see a Goldilocks scenario with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India s Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.