<h1>Ratings Agency Forecasts 3.5% Inflation with Strong Crops and Stable Oil Prices, Signals More Rate Cuts</h1> A ratings agency projected headline inflation to average 3.5 percent in the current fiscal year, down from 4.6 percent the previous year, attributing this to strong agricultural output and controlled food inflation. The report noted increased crop sowing and anticipated stable crude oil prices between USD 60 and 65 per barrel, which would help limit non-food inflation. It also expected an additional reduction in the policy interest rate, following a cumulative 100 basis point cut already implemented, supported by sufficient liquidity and effective transmission. Retail inflation has significantly declined, falling below the lower threshold of the central bank's target range, enhancing household purchasing power and potentially allowing for further monetary easing.