The year 2025 has been very relieved for the common people. Where the central government made the earnings up to 12 lakh tax free. On the other hand, the Central Bank of the country continuously cut interest rates in the policy meeting of February, April and June. Because of which the loan became cheaper for the common people. Now the GST Council made a big change in the GST slab by making the biggest reform in indirect tax and worked to make many other products and services cheaper besides the essential items of the house.
Now once again there is hope among the common people. This time expectations are from RBI. On October 1, RBI’s MPC is going to announce the policy rate. In such a situation, the general public is confident that this time their EMI will decrease. In contrast, Reuters Pol has expressed its opposite opinion. Reuters pole states that RBI will not make any change in interest rates in the policy of October and December. Let us also tell you what kind of information has been revealed from the Reuters Poll.
RBI will not change interest rates
According to a survey by Economists of Reuters, the Reserve Bank of India will maintain its major interest rate at 5.50 per cent for 1 October and the remaining year. This means that the RBI will not make any change in its policy rate. Explaining the reason for this, the pole states that the central bank is assessing the impact of the previous rate cuts on the economy. Due to heavy government spending, India’s economy increased at a rate of 7.8 per cent over the year from year to year in the last quarter. Meanwhile, private investment continues to fall, which shows that the steps taken by the RBI to relax the policy have not yet become fully effective in the economy. Although inflation in Asia’s third largest economy since November has been under the target of 2-6 per cent of the RBI, the rupee has weakened against the US dollar and is constantly making the import expensive.
Three quarters estimated not to change
According to the report, global risk is increasing uncertainty. Trade tension and new visa norms with the US have blurred the Economic Outlook, which has reached a record low and has inspired investors to get out of the Indian stock market and other assets. Monetary Policy Camel, which unanimously decided to keep the interest rates stable in August, will remain on the same decision in its meeting of 29 September to 1 October. The Reuters Survey of 24 September has expressed such anticipation in the Reuters Survey of about three-fourths of economists, ie 45. The remaining 16 have estimated a cut of 25 basis points.
What do you say?
Chief Economist Madhavnakutty Ji, Chief Economist of Canara Bank, said that I do not expect any cuts in rates as RBI has already made its stand clear that there is a limited impact on promoting the growth rate of the monetary policy. Private investment has not yet started growing as increments have been largely stable and there are also concerns about the stability of the job. This caution was also seen in the forecasts of other economists. Of which 26 out of 50 estimated that the rates would remain unchanged by the end of at least 2025. Earlier in the month of August, it was estimated that the December policy meeting was likely to be cut.