It said, "Given INR weakness and developing volatility in financial markets, we see the start of the rate cut cycle to shift to April 2025."
The report highlighted that the Federal Reserve recently reduced its policy rate by 25 basis points (bps). However, the forward guidance has scaled down the projected rate cuts for 2025 to just 50 bps, compared to the earlier expectation of 100 bps.
This story is from the December 21, 2024 edition of The Business Guardian.
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This story is from the December 21, 2024 edition of The Business Guardian.
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