14 Jun 2017

Further rate cut prospects may be good

At its June monetary policy review, the RBI held the repo rate at 6.25%, in spite of evidence of weak growth and benign inflation. In fact it revised its own GDP forecast for FY18 down to 7.3% with an adjusted inflation target of 4% for year-end. The decision was not unanimous and the tone of the report was neutral suggesting further rate cut prospects may be good.

No comments:

Post a Comment