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30 Nov 2015
Rates seen unchanged in India this week – BBH
FXStreet (Edinburgh) - The research team at BBH expects the RBI to leave its rates unchanged at this week’s meeting.
Key Quotes
“Reserve Bank of India meets Tuesday and is expected to keep the repo rate steady at 6.75%”.
“The central bank cut rates at its last meeting in September by a larger than expected 50 bp”.
“The RBI has so far kept to its pattern of cutting rates at every other meeting in 2015. However, CPI inflation is rising again and may keep the bank on hold in early 2016. CPI rose 5% y/y in October, and is moving closer to the top of the 2-6% target range”.
Key Quotes
“Reserve Bank of India meets Tuesday and is expected to keep the repo rate steady at 6.75%”.
“The central bank cut rates at its last meeting in September by a larger than expected 50 bp”.
“The RBI has so far kept to its pattern of cutting rates at every other meeting in 2015. However, CPI inflation is rising again and may keep the bank on hold in early 2016. CPI rose 5% y/y in October, and is moving closer to the top of the 2-6% target range”.