RBI likely to cut interest rate again in June

May 09, 2019 |
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Banking
RBI likely to cut interest rate again in June

The Reserve Bank of India (RBI) is likely to cut interest rates one more time in June before rising inflation pressures and elevated fiscal deficits leave little room for further accommodation in rest of the year, a IHS Markit report said on Wednesday.

The report noted that food and fuel prices should accelerate in coming months particularly in the event of a sub-normal monsoon, and headline inflation would cross 5 per cent mark by the second half of 2019, and average 4.2 per cent in 2019 and 5.3 per cent in 2020

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