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Economists Push Out India Rate Cut Forecasts to End of Year [BNN Bloomberg (Canada)]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: BNN Bloomberg
The RBI may start cutting its benchmark repurchase rate, currently at 6.5%, by a total of 50 basis points in the October-December period before pausing for a few months, the monthly survey shows. In the previous survey, economists had predicted a reduction in July-September quarter. With India's growth-inflation dynamics healthy, “the global and geopolitical developments remain key to track,” said Achala Jethmalani, an economist at RBL Bank Ltd. “The monetary policy pivot in advanced economies, particularly the US Fed, could possibly alter the domestic rate scenarios too.” The RBI has kept interest rates on hold for seven straight meetings, with Governor Shaktikanta Das signaling his unwillingness to ease rates unless inflation settles around the central bank's target of 4%. Inflation eased to below 5% in March, though an unusually hot summer could push up food costs. Economists lowered their quarterly inflation forecasts through to December slightly, according to the Bloomberg Show less Read more
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