The Nomura Research Team believes that the Reserve Bank of India (RBI) is likely to cut the key rates by 50 bps in October to December quarter amid a prolonged period of a growth slowdown and inflation worries. Key quotes “While stagflation risks may dominate in the short term, they are unlikely to be sustained. Recent flattening in the mobility curve suggests that sequential growth is stagnating below normal after the initial business resumption, which should have a salutary effect on underlying inflation. “The latest forward-looking surveys released by the RBI point to a troubling stagflationary outcome. Household inflation expectations (1yr ahead) inched up to an elevated 10.5% in July, levels last seen in 2015-2016. Consumer confidence, by contrast, remains weak, and while forward expectations have improved, they remain below pre-pandemic levels.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF Price Analysis: Attacks three-week-old resistance line above 0.9100 FX Street 2 years The Nomura Research Team believes that the Reserve Bank of India (RBI) is likely to cut the key rates by 50 bps in October to December quarter amid a prolonged period of a growth slowdown and inflation worries. Key quotes “While stagflation risks may dominate in the short term, they are unlikely to be sustained. Recent flattening in the mobility curve suggests that sequential growth is stagnating below normal after the initial business resumption, which should have a salutary effect on underlying inflation. “The latest forward-looking surveys released by the RBI point to a troubling stagflationary outcome. Household inflation expectations… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
