RBI May Cut Key Interest Rates Again by 25 bps on Wednesday

The 54th meeting of Monetary Policy Committee is scheduled to start deliberations on April 7 and the decision will be announced on April 9

- OUR CORRESPONDENT

MUMBAI: The Reserve Bank is likely to cut key interest rates again by up to 25 basis points this week, as lower inflation provides support for an accommodative monetary policy stance, and there is a pressing need to stimulate growth at a time when the reciprocal tariffs announced by the US is posing a challenge to the global economy.

In February, the RBI's Monetary Policy Committee, headed by Governor Sanjay Malhotra, slashed the repo rate by 25 basis points (bps) to 6.25 per cent. It was the first reduction since May 2020 and the first revision after two-and-a-half years.

The 54th meeting of the MPC, the rate-setting panel, is scheduled to start deliberations on April 7, and the decision will be announced on April 9.