RBI May Cut Rates For First Time Since May 2020

India's central bank is widely expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy review on Friday, aiming to boost economic growth which is seen falling to a four-year low.

- Reuters

MUMBAI:

Over 70% of respondents, 45 of 62, in a January 22-30 Reuters poll forecast the RBI would cut its key repo rate by 25 basis points to 6.25% at the conclusion of its February 5-7 meeting, while others expect it will keep rates unchanged, mostly because of above-target inflation.

The monetary policy review follows closely on the heels of the federal budget, where the government slashed personal tax rates to boost spending and spur growth.