The favourable impact of the cut in GST is expected to exert some downward pressure on the CPI inflation prints until Q2 FY27, ICRA Ratings said.
ICRA expects the central bank’s rate cut cycle to have come to an end.
Any further rate easing would only be likely if there is a material downward undershooting in growth outcomes, which leads to a cut in growth projections.
ICRA expects the central bank’s rate cut cycle to have come to an end.
Any further rate easing would only be likely if there is a material downward undershooting in growth outcomes, which leads to a cut in growth projections.
