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Asian markets stalled as investors awaited U.S. inflation data, while the New Zealand central bank maintained interest rates. Bitcoin surged to $57,622, but oil prices fell. Attention now turns to U.S. GDP figures and Federal Reserve speeches.
Asian markets echo Wall Street caution, with the dollar weakening and Bitcoin surpassing $57,000. Japan's core inflation declines. Investors await pivotal inflation data for market insights and investment decisions.
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RBI MPC: India's policymakers see a 'Goldilocks scenario' with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India's Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.
India's policymakers see a 'Goldilocks scenario' with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of India's Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.