The MPC minutes reveal a cautious stance, with some members acknowledging room for an August rate cut, while Governor Malhotra highlighted external growth challenges. Uncertainty surrounding trade policies and the impact of past easing measures influenced the decision to maintain the status quo. Members opted to wait and assess the full transmission of previous policy actions before considering further cuts.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays