HSBC'nin Hindistan'ın faiz indirim beklentisini dördüncü çeyreğe ertelediği

Gold 10 data 16 July news, HSBC will postpone the interest rate cut expectation of the Central Bank of India to the fourth quarter. Pranjul Bhandari, Chief Economist of HSBC India, stated in a report that some prerequisites for interest rate cuts, such as fiscal consolidation and a slowdown in unsecured loan growth, have been met, but there is still one prerequisite - a decrease in food prices - that needs to be implemented. Therefore, HSBC expects the Central Bank of India to cut interest rates by 25 basis points in the fourth quarter and the first quarter of next year, and believes that the easing cycle will be shallow given the strong growth. HSBC expects the government to set the fiscal deficit target at 4.9% of GDP, lower than the 5.1% announced in the mid-term budget. Against the background of a decline in the fiscal deficit, net borrowing will decrease by INR 500 billion ($5.98 billion) compared to the mid-term budget.