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RBI expected to cut rates by 25 bp – BBH

FXStreet (Edinburgh) - The research team at BBH expects the Reserve Bank of India to lower its benchmark rate by 25 bp at tomorrow’s meeting.

Key Quotes

Reserve Bank of India meets Tuesday and is expected to cut policy rates by 25 bp. The last move was a 25 bp cut in its policy rates in June”.

“Price pressures remain low, with CPI rising 3.7% y/y in August, in the bottom half of the 2-6% target range”.

“WPI contracted -5% y/y, pointing to no pipeline pressures ahead”.

“Rajan has made it clear that it fiscal discipline is an important element in the reaction function of the RBI, so we expect the easing cycle to be gradual”.

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