Index Investing News
Saturday, May 24, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

RBI Growth Estimate ‘Too Optimistic’, Will Pivot To Rate Cuts In October: Nomura

by Index Investing News
April 7, 2023
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


On Friday, Japanese brokerage Nomura said the Reserve Bank’s 6.5% real GDP growth estimate for FY24 is “too optimistic”, and the central bank will pivot to rate cuts from October.

The brokerage said it agrees with the Reserve Bank’s projections on price rises and said that the worst of headline inflation is behind us.

“However, the revised GDP growth forecast of 6.5% in FY24 appears too optimistic,” the brokerage said, adding that it estimates growth to slow down to 5.3%.

A slew of agencies and analysts have cut the FY24 growth forecasts in the recent past, with many of them pegging it under 6% as well.

Nomura said it expects a downside of over 1 percentage point to the RBI’s growth estimate due to weaker global growth, high uncertainty, and the lagged effects of domestic policy tightening.

The RBI had attributed the upward revision in growth to a dip in crude oil prices to $85 per barrel as against $90 per barrel.

After announcing the policy, Governor Shaktikanta Das said on Thursday that the policy call is a pause on rates, not a pivot, and made it clear that the RBI will not hesitate to act if it sees any risks.

In the note, the brokerage said the RBI is likely to pause in June as well, saying the central bank will take time to assess the impact of its past rate hikes, where it has raised rates by 2.50% in the last 11 months.

“Beyond June, we expect inflation to marginally undershoot and a more significant disappointment on growth,” the brokerage said.

The risks to its estimate of a rate cut in October appear skewed towards an action earlier than expected, it said.

The brokerage said the six-member Monetary Policy Committee surprised markets by unanimously voting to pause in the April meeting while retaining its stance of “withdrawal of accommodation” on Thursday.





Source link

Tags: cutsEstimateGrowthNomuraOctoberoptimisticPivotraterbi
ShareTweetShareShare
Previous Post

US jobs growth slowed in March as Fed put brakes on economy

Next Post

U.S. Treasury Misunderstands DeFi AML Compliance Requirements: Coin Center

Related Posts

Aegis Vopak Terminals IPO: Firm raises Rs 1,260 crore from Nomura, Aberdeen 30 different anchor buyers

Aegis Vopak Terminals IPO: Firm raises Rs 1,260 crore from Nomura, Aberdeen 30 different anchor buyers

by Index Investing News
May 24, 2025
0

Storage options supplier Aegis Vopak Terminals has raised Rs 1,260 crore crore from 32 anchor buyers, allocating over 5.36 crore...

Salesforce exec says rise of AI brokers means ‘each job must be rethought’

Salesforce exec says rise of AI brokers means ‘each job must be rethought’

by Index Investing News
May 24, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this website constitutes acceptance of our Phrases of Use...

Bicara: Inventory Decline On FICERA Summary Launch Creates Shopping for Alternative (NASDAQ:BCAX)

Bicara: Inventory Decline On FICERA Summary Launch Creates Shopping for Alternative (NASDAQ:BCAX)

by Index Investing News
May 24, 2025
0

This text was written byComply withTerry Chrisomalis is a personal investor within the Biotech sector with years of expertise using...

Leela Lodges Operator Schloss Bangalore Raises Rs 1,575 Crore From Anchor Traders Forward Of IPO

Leela Lodges Operator Schloss Bangalore Raises Rs 1,575 Crore From Anchor Traders Forward Of IPO

by Index Investing News
May 23, 2025
0

Schloss Bangalore, the operator of the Indian luxurious resort 'The Leela', has finalised allocation of 36,206,896 fairness shares to anchor...

India to push Monetary Motion Job Power to place Pakistan on gray record once more: Sources

India to push Monetary Motion Job Power to place Pakistan on gray record once more: Sources

by Index Investing News
May 23, 2025
0

The Narendra Modi authorities plans to recommend putting Pakistan again to the “gray record” at a key assembly of the...

Next Post
U.S. Treasury Misunderstands DeFi AML Compliance Requirements: Coin Center

U.S. Treasury Misunderstands DeFi AML Compliance Requirements: Coin Center

What The Denver Housing Market Looks Like As We Get Deeper Into 2023

What The Denver Housing Market Looks Like As We Get Deeper Into 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Snohomish contractor fined 0K for repeat fall protection violations

Snohomish contractor fined $400K for repeat fall protection violations

December 22, 2022
England win Ladies’s Euro 2022 ultimate: all of the response – stay! | Ladies’s Euro 2022

England win Ladies’s Euro 2022 ultimate: all of the response – stay! | Ladies’s Euro 2022

August 1, 2022
Why India’s renewable vitality targets are inadequate

Why India’s renewable vitality targets are inadequate

April 23, 2025
Kari Lake Makes use of Talking Slot To Single Out Media As “Pretend Information”

Kari Lake Makes use of Talking Slot To Single Out Media As “Pretend Information”

July 17, 2024
EWZ: Brazil’s Bull Market Maybe Entering Its Next Phase (NYSEARCA:EWZ)

EWZ: Brazil’s Bull Market Maybe Entering Its Next Phase (NYSEARCA:EWZ)

January 21, 2024
What Torchy's CEO Mike Rypka has learned in 17 years making 'Trailer Park' tacos

What Torchy's CEO Mike Rypka has learned in 17 years making 'Trailer Park' tacos

September 19, 2023
Man Utd eye swoop for Joao Gomes

Man Utd eye swoop for Joao Gomes

May 29, 2022
“Catastrophic” Consequences of the US Defaulting on Its Debt

“Catastrophic” Consequences of the US Defaulting on Its Debt

February 3, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In