Today’s “Phrase of the Day” is “in the offing” and its meaning is “likely to happen, on the way, coming soon, coming up, close at hand, imminent, on the horizon, in the wings, just around the corner, upcoming, forthcoming”.
Example Sentence: Home, auto and other loan EMIs will rise after the Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in (control) a rise in prices that was seen continuing to hurt consumers in the near term…Simultaneously, the pandemic-era accommodative stance was dropped, which meant more hikes may be in the offing to tame (control) inflation that since the start of the year has been hovering (remaining) above the central bank’s upper tolerance limit.
This phrase is present in The Hindu article EMIs to rise as RBI hikes repo rate, signals more increase and click here to read it.
Courtesy: The Hindu
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