India inflation seen speeding up in January but still below target
Updated : February 12, 2019 12:24 PM IST
On Thursday, the Reserve Bank of India caught financial markets off-guard by reducing its key policy rate by 25 basis points to boost growth and as inflation has remained benign.
While a change in monetary policy stance to "neutral" was the consensus in a separate poll taken ahead of the February 7 meeting, only around a third of respondents expected any easing.
Forecasts in the poll ranged from 2.00 percent to 2.80 percent. If the consensus is realised it would mark the sixth month in a row where inflation was below the RBI's medium-term target of 4 percent.