Deposit rates at peak, RBI cut likely in Feb: SBI chief
Monday, 11 November 2024
SBI Chairman C.S. Setty predicts the Reserve Bank of India will hold off on cutting interest rates until February 2025, despite acknowledging that deposit rates have peaked. Setty anticipates a moderate 25 basis point reduction at that time. This projection comes amidst persistent inflation concerns and RBI's cautious monetary policy stance.
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