High food inflation and incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay the Reserve Bank of India's (RBI) rate cut. Transmission through loan and deposit rates varied between 111 and 245 bps until May 2024, except for loans linked to external benchmarks, which had immediate full transmission.
from Economic Times https://ift.tt/rNjxz2a
from Economic Times https://ift.tt/rNjxz2a
Incomplete transmission could delay rate reversal by RBI
![Incomplete transmission could delay rate reversal by RBI]()
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June 30, 2024
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