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Avendus Capital's Andrew Holland expects another 25 bps rate cut in next policy meeting

Updated : February 08, 2019 06:28 AM IST

Andrew Holland, CEO, Avendus Capital, on Thursday he expects another rate cut of 25 basis points (bps) in the next policy meeting of the Reserve Bank of India (RBI) in April.

One basis point is a hundredth of a percentage point.

"No surprises in 25 basis points. It has opened the door for more. I don't know why he (Governor Shaktikanta Das) just didn't do 50 basis points and excite the market even more and give the economy the kind of lift it needs," Holland said.

RBI's Monetary Policy Committee on Thursday cut the key repo rate by 25 basis points to 6.25 percent and changed its stance to ‘neutral’.

On the auto sector, Holland said, "The sector in my view is a structural sell. If you look globally what has been happening and look at results that have been coming out, this is what is going to happen in our industry. There is nothing wrong, they are still going to get growth but it is going to be a lot lower than one is expecting.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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