More rate cuts ahead? What finance ministry’s latest report hints, inflation dips below RBI’s 4% target
The finance ministry suggests the RBI has scope for further interest rate cuts, as inflation remains below the 4% target, reaching a six-year low of 2.82% in May. With subdued core inflation and favorable global crude oil prices, the ministry anticipates the full-year inflation rate may undershoot the RBI's expectations.
The finance ministry suggests the RBI has scope for further interest rate cuts, as inflation remains below the 4% target, reaching a six-year low of 2.82% in May. With subdued core inflation and favorable global crude oil prices, the ministry anticipates the full-year inflation rate may undershoot the RBI's expectations. What's Your Reaction?
