Finance RBI first APAC central bank to begin interest rate easing cycle: Fitch Updated : April 24, 2019 02:58 PM IST In the four months of 2019, the RBI has cut policy interest rates twice by 0.25 percent each to one-year low of 6 percent. This is the first back-to-back rate cut since the MPC was formed in late 2016. 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.