A rate cut is unlikely before December, it may even be pushed back further: BoB

New Delhi [India], August 8 (ANI): The Bank of Baroda (BOB) report has indicated that, given the outlook on food prices, particularly vegetables, a rate cut is unlikely before December 2024, as the Reserve Bank of India (RBI) opted to keep key policy rates unchanged, citing concerns over rising food inflation.

BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetar