We expect the MPC to keep rates unchanged despite US and other major economies undertaking them, given the geopolitical turmoil that has led to uncertainty, lower deposit growth as compared credit growth and crude oil prices rising.
This gives an opportunity for investors to lock in current rates through fixed income investments, especially before the next policy in December 2024 when we could potentially see a 25basis point rate cut owing to a cooling retail inflation and global economic slowdown.
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