• SENSEX
    NIFTY 50
Economy

RBI to cut rates again before elections, but no more

Updated : February 08, 2019 09:54 AM IST

A Reuters snap poll taken immediately after Thursday's policy review - where the RBI unexpectedly reduced interest rates by 25 basis points - showed the central bank will make the same move next quarter.
When asked if the central bank under new Governor Shaktikanta Das was likely to cut again before the national election, just over half, or 30 of 54 economists said yes.
While inflation data for January due to be released early next week is forecast to have nudged up slightly, it is still expected to remain below target for the sixth straight month, supporting the central bank's U-turn in policy from a months-long tightening bias.
RBI to cut rates again before elections, but no more
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV