Economy Brokerages surprised as RBI holds rates; expect more cuts Updated : December 06, 2019 11:20 AM IST Most brokerages were stunned by this sudden pause but expect the monetary easing resuming in the coming policies. Nomura expects growth to disappoint in FY20 as well as FY21 and is not convinced that the 'green shoots' are genuine. While Nomura expects another rate cut in April, CLSA sees the monetary easing resuming in the February policy. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.