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RBI may further cut policy rates in December: BofAML
21 Aug '17
1 min read
The Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) may further cut key policy rates by 25 bps on December 6, after a pause in the October policy review meet, Bank of America Merrill Lynch (BofAML) says in a report. The central bank had reduced its key lending rate by 0.25 per cent after a bi-monthly review by the MPC this month.
The BofAML report expects retail inflation to hover within the 2-6 per cent limit in the coming months due to drop in global commodity prices, good rains, low growth and subdued imported inflation.
On the risk side, the report lists possible failure of monsoon in end-August, which might spike agflation, and push March CPI inflation to 5 per cent levels. This may delay another rate cut in February 2018. (RKS)
Fibre2Fashion News Desk – India
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