RBI cuts 25 bps, lifts liquidity; expect to cut more
Published on Tuesday, April 5, 2016
RBI cuts 25 bps, lifts liquidity; expect to cut more
Summary
The Reserve Bank of India today cut its benchmark repo rate by 25 bps to 6.5%, in line with expectations; and positively surprised by boosting and streamlining liquidity in the Indian banking system. Looking ahead, we think RBI’s rate cutting cycle isn’t over yet with a one last 25 bps rate cut expected at its next meeting on June 7th.
Geographies
- Geography Tags
- Asia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
Warning: Invalid argument supplied for foreach() in /var/www/html/wp-content/themes/bbvaresearch/single.php on line 850