India | RBI cuts repo rate, signaling an increased focus on growth
Published on Tuesday, January 29, 2013 | Updated on Thursday, June 16, 2016
India | RBI cuts repo rate, signaling an increased focus on growth
Summary
As expected, the Reserve Bank of India (RBI) cut its benchmark repo rate and Cash Reserve Ratio (CRR) by 25 bps each to 7.75% and 4.0% respectively. The move was the first rate cut since April 2012, with the RBI basing its decision on: (i) a moderation in inflation; (ii) deceleration in growth; and (iii) tight liquidity conditions.
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- Asia
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- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist