Lone Analyst Who Predicted Deep India Rate Cut Expects One More

The lone economist who predicted the Reserve Bank of India’s out-sized interest rate cut on Friday expects another smaller reduction before the central bank hits a pause.

There is scope for lowering the benchmark rate by a quarter-point, “but we are close to the end of it,” said State Bank of India’s Soumya Kanti Ghosh, the only economist among 34 surveyed to get it right. He did not give a timeline on when the central bank will do it.