Room for limited monetary easing will open up in 2024

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%

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/room-for-limited-monetary-easing-will-open-up2024_17379021.html
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