Wednesday, December 27, 2017

Bank of America ML : RBI to go for a rate cut in April 2018

 According to global financial services major Bank of America Merrill Lynch,  inflation risks are “overdone” and though CPI inflation is likely to be 5.2 per  cent in December 2017, it would cool down to around 4.5 per cent in the first  half of 2018.

 Reserve Bank of India is expected to go in for a policy rate cut of 25 bps in  April next year to signal lower lending rates, which are key to the economic  recovery. 

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