Central Banks
RBI’s Hawkish Tone Prompts Economists to Review Rate Calls
- Goldman, Citi bet on another 25 basis point hike in April
- View at odds with traders saying rates have already peaked
Shaktikanta Das
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s central bank will likely raise the benchmark rate again in its monetary policy review in April, some economists say in a view that’s at odds with traders betting the interest rates may have peaked.
Goldman Sachs Inc. and Citigroup Inc. forecast the Reserve Bank of India to go for another quarter-point move after sticky core inflation made rate-setters wary of declaring victory over price pressures.