Top Executives Expect Stable Inflation and Interest Rates in Near Term: MC Survey

A survey by Moneycontrol of over 50 CEOs and business heads across diverse industries in India has found that the majority expect inflation

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Top Executives Expect Stable Inflation and Interest Rates in Near Term: MC Survey

A survey by Moneycontrol of over 50 CEOs and business heads across diverse industries in India has found that the majority expect inflation

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The responses indicate a relatively stable backdrop is anticipated by corporate honchos for inflation and borrowing costs in the first half of 2024.

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On inflation, 62% of the 53 respondents said they foresee consumer prices holding steady.

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Only 23% pointed to a slowdown in inflation rates. However, 15% felt inflation may rise or expressed uncertainty over the trajectory.

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This matches estimates from the Indian Institute of Management-Ahmedabad’s latest business inflation survey as well.

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For the past six months, companies’ one-year inflation expectations have hovered around the RBI’s 4% target.

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