Central Banks
RBI May Pause Again With Markets Watching for Stance Shift
- Central bank to hold benchmark rates for a second meeting
- Policy language assumes importance to gauge pivot to rate cut
Shaktikanta Das
Photographer: Indranil Aditya/BloombergThis article is for subscribers only.
The Reserve Bank of India is expected to pause for a second straight meeting as inflation eases and market watchers are looking for cues of a shift in policy stance to support growth in Asia’s third largest economy.
All 40 economists in a Bloomberg survey forecast the Indian central bank will keep the repurchase rate unchanged at 6.50% on Thursday, signaling that inflation could cool further in the months ahead. Consumer price growth slowed to 18-month low of 4.7%, edging toward the midpoint of the RBI’s 2%-6% target range.