October 05, 2023 02:31 GMT
MNI RBI Preview - October 2023: On Hold, 'Withdrawal Of Accommodation' To Remain
The RBI is expected to remain on hold given still elevated inflation pressures
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- The broad consensus is for no change in the RBI's policy rate tomorrow. This is also our strong bias. Inflation pressures have moved off recent highs, but risks remain around the outlook and it is likely to be too early for the central bank to declare comfort on the price backdrop.
- Growth appears to be holding up well, particularly compared to the rest of the region.
- The RBI is likely to maintains its bias around 'withdrawal of accommodation' in terms of language used to describe the policy bias.
- Full preview here: