Will you get more interest on FD for 2 years? RBI governor gave indications
Reserve Bank of India Governor Shaktikanta Das said that the bank has set a target of bringing the inflation rate to 4 percent during the next two years.
For this reason, interest rates may continue to rise in the next 2 years.
Even if the rates do not increase much, they are not likely to be cut.
That is, you can get more interest on deposits in banks.
Apart from this, loans can also become more expensive, that is, the EMI on home and car loans may increase further.
At the same time, debt will be expensive for the government and industry as well.
Due to which economic growth can be affected.
At present, the retail inflation rate has been recorded at 6.71 percent.
And RBI wants to bring it down to 4 per cent in 2 years.