Is RBI likely to go slow on rate hikes, unlike the US Fed?
Answer
Answer
Unlike the US Fed, the RBI has a benign outlook for inflation at 4.5% for FY23. Therefore, economists are starting to push back estimates of when India will raise interest rates in the light of the RBI governor lowering inflation and growth forecasts for FY23. That gives confidence to the markets that the RBI can still continue to focus on economic growth above all else.