Central Banks
RBI Seen Pivoting to Rate Cuts by Year-End After a Long Pause
- Any rate hike to bring down inflation will be a surprise: Citi
- Nomura sees rate cuts of 75 basis points during October-March
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Borrowing costs in India have probably peaked, with the central bank expected to start cutting rates by the end of the year — that’s the reading of some economists who reviewed the minutes of monetary policy meeting released Thursday.
Economists, including those at Barclays Bank Plc and Nomura Holdings Inc., see the central bank staying on a long pause as high interest rates weigh on demand in the economy.