S&P Global cuts 2024 euro zone GDP growth forecast to 1.0% https://ifttt.com/images/no_image_card.png"Headline inflation will not return to target before first-quarter 2025, and core inflation before third-quarter 2025," it said in a statement. "The near-term outlook for the eurozone economy appears complicated. A restrictive monetary policy will transmit to domestic demand, while interest rates should turn positive in real terms in 2024".
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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