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.
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