Inflation to increase marginally to 21.6% in October 2024
Inflation is expected to go up marginally to 21.6% in October 2024. This is after it surprisingly increased by 110 basis points (bps) to 21.5% in September. According to IC Research, the government end-year target of 13.0% – 17.0% faces elevated upside risk which could stay the policy rate at 27.0% at the November 2024…