Inflation to ease in 6-9 months: Kamath
Inflation has reached its peak and is expected to ease in the next two-three quarters, ICICI Bank chairman KV Kamath said in Mumbai today.business Updated: Apr 29, 2010 19:07 IST
Inflation has reached its peak and is expected to ease in the next two-three quarters, ICICI Bank chairman KV Kamath said in Mumbai on Thursday.
"Inflation (9.9 per cent in March ) is at its peak and I think it will ease to 6-8 per cent in the next six to nine months," Kamath said.
Asked if banks would hike their lending rates following the Reserve Bank raising its short-term key rates, Kamath said it depends on several issues and each bank would take a call.
"Liquidity is good at present and it (hiking lending rates) would depend on several other issues. Banks will have to take their own decision," Kamath said.
Describing the financial crisis afflicting Greece as a "localised problem", Kamath said it would have no significant impact on the country.