Room for limited monetary easing will open up in 2024

Gaurav Kapur • December 26, 2023 / 10:28 IST

The recent IMF India country report on India notes that the current broadly neutral monetary policy is appropriate, based on the estimates of natural real interest rate of 1%. Based on that estimate and average inflation estimate of 5% in the next fiscal, Repo rate can be at 6% under a neutral stance – implying a 50 bps easing from the current level of 6.50%

Over the course of the coming year, central banks across major global economies will move to lower policy rates

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