The Central Bank’s actions are often equated with watching the paint dry, colloquially referred to as a long-lasting phenomenon, laced with perseverance. The MPC trudged along its expected trajectory on Friday, with rates unchanged while remaining aligned with a focus on withdrawing accommodation to ensure inflation gradually reaches 4 percent.
Although the year 2024 started with a promising omen, it has quickly turned into a bellwether of geopolitical uncertainty, with Brent hovering above $91 as the Middle East once again turned into a battleground with retaliation in the air. The increasing tensions could directly affect the blockages of supply routes
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First print: April 6, 2024 | 12:05 pm IST