RBI Monetary Policy Review – Status Quo On Rates And Stance Continues: Axis Securities

Even though the regulator has maintained its stance currently, the brokerage expects a change in stance in the upcoming meetings which could act as a precursor to the rate cut cycle by end of CY24.

RBI building. (Photographer: Vijay Sartape/NDTV Profit)

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Axis Securities Report

The ‘status quo’ on policy rates was as widely expected with no change in the stance of ‘withdrawal of accommodation’. However, even though the regulator has maintained its stance currently, we could expect a change in stance in the upcoming meetings which could act as a precursor to the rate cut cycle by the end of CY24.

The regulator has maintained its growth and inflation forecast for FY25 with minor tweaks. While growth in Q1 FY26 is expected to hold up well, inflation is expected to continue to hover over the targeted mark of 4%.

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Axis Securities RBI Monetary Policy Review.pdf
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Also Read: RBI Monetary Policy Review - No Change But Awaiting Conducive Environment: HDFC Securities

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