Quote on RBI MPC by Mr. Vikram Chhabra, Senior Economist, 360 ONE Asset
Below the Quote on RBI MPC by Mr. Vikram Chhabra, Senior Economist, 360 ONE Asset
“The RBI cut the repo rate by 25 basis points today, as widely expected. The substantial infusion of liquidity into the banking system ahead of the decision had already signalled the central bank’s full commitment to easing financial conditions. The growth-inflation outlook had also become supportive of a shift to an ‘accommodative’ policy stance at this meeting, as recent inflation prints have surprised to the downside, while growth risks have intensified amid rising economic uncertainty. The implementation of reciprocal tariffs by the US is expected to dampen global growth and weigh heavily on export-oriented sectors. Given this backdrop, we expect the RBI to cut rates by a further 25–50 basis points in the current cycle..”
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