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US Tariffs Boost India's Trade Talks With EU, UK
Hindustan Times Navi Mumbai
|April 07, 2025
A combination of easing inflationary conditions and tightening economic growth may prompt India's central bank to cut the policy rate in the upcoming meeting of its rate-setting panel, according to a Mint poll of 10 economists.
MUMBAI: Added expectation: more rate cuts may happen this year than earlier anticipated.
The economists unanimously predicted that the Reserve Bank of India's (RBI) monetary policy committee (MPC) would announce a 25 basis points (bps) cut in the repo rate to 6% after it meets on 7-9 April, as inflation and growth estimates undershoot earlier forecasts. Further, economists from Barclays Bank did not rule out even a 35-bps cut.
It would be the second successive cut in repo rate after 7 February, when the MPC, headed by new RBI governor Sanjay Malhotra, finally cut the rate (25 bps) for the first time since May 2020. A basis point is one-hundredth of a percentage point, and the repo rate refers to the rate at which RBI lends money to commercial banks. However, only three out of the 10 economists polled expect a change in policy stance to 'accommodative' from 'neutral' at present. An accommodative stance indicates RBI is ready to support growth by cutting rates.
This story is from the April 07, 2025 edition of Hindustan Times Navi Mumbai.
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