Market Next rate cut in October? BofaML says it's possible if RBI waits for below 4% inflation Updated : December 13, 2019 03:40 PM IST BofAML expects inflation to peak off at about 6-6.5 percent in December-January. BofAML continues to expect that the RBI MPC will cut rates by 25 bps on February 6 to support recovery if inflation peaks off in December-January. If the RBI MPC wants to wait till CPI inflation falls below 4 percent again, the next RBI rate cut may get postponed to October, assuming normal monsoon. 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.