Central banks likely to cut rates from June-July, align with pre-Covid range: Morgan Stanley
As inflation continues in a downward trajectory, real rates across the region are rising. Investment banking firm Morgan Stanley suggests that risks arise if rate cuts are held back to the first quarter of 2025 or later due to US Fed rate cuts getting delayed and/or supply concerns lifting oil prices to USD 110-120 per barrel.
RBI has raised the repo rate by 250 basis points cumulatively since May 2022, to 6.5 per cent. Image: Reuters