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MNI RBI PREVIEW DEC 2024: No Change, But Easing Bias Likely

Whilst there the economic data is moderating, it remains at levels viewed as expansive.

EXECUTIVE SUMMARY:

  • RBI seems focused on ensuring sufficient liquidity is the in the system, rather than cutting rates.
  • Key data metrics mentioned in last RBI statement remain strong, albeit down from prior months.
  • Governor has continued to be hawkish in his comments publicly.
  • No cut expected tomorrow but the narrative to open the door for potential cuts in 2025. 

PLEASE FIND THE FULL REPORT HERE. RBI Preview - December 2024 FINAL.pdf

 

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EXECUTIVE SUMMARY:

  • RBI seems focused on ensuring sufficient liquidity is the in the system, rather than cutting rates.
  • Key data metrics mentioned in last RBI statement remain strong, albeit down from prior months.
  • Governor has continued to be hawkish in his comments publicly.
  • No cut expected tomorrow but the narrative to open the door for potential cuts in 2025. 

PLEASE FIND THE FULL REPORT HERE. RBI Preview - December 2024 FINAL.pdf