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Fri, Sep 20, 2019 | Last Updated 11:13 pm IST

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RBI to cut Interest rates again in August

RBI to cut Interest rates again in August
RBI to cut Interest rates again in August
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Reportedly the Reserve Bank of india (RBI) is set to cut interest rates in August for the fourth meeting in a row, according to a Reuters poll of economists, a majority of whom said risks to their already modest growth forecasts were skewed more to the downside.

RBI to cut Interest rates again in August

If the RBI does cut rates next month, it will be the most aggressive among dovish central banks in Asia. The last time the RBI delivered so many back to back cuts was after the global financial crisis over a decade ago, when most major central banks went on a cutting spree to revive economic growth. Almost 80 per cent of 66 economists in the July 17-24 poll expected the RBI to cut its benchmark repo rate by 25 basis points to 5.50 per cent at the August 7 meeting. Three respondents predicted a 50 basis points cut and the remaining 10 forecast policy on hold.



"It is baked in the cake. They are going to cut rates in August and again later, mainly due to low growth and weak inflation," said Gareth Leather, senior Asia economist at Capital Economics.

                            


RBI to cut Interest rates again in August
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