India central bank seen holding rates, but US tariffs raise odds of cut | Metals Mine

  • India central bank seen holding rates, but US tariffs raise odds of cut

    From brecorder.com

    India’s central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or 44 of 57, in a July 18–24 Reuters poll expect the Reserve Bank of India’s monetary policy committee (MPC) to hold the repo rate at 5.50% on August 6. However, sentiment has shifted following the tariff announcement. “Even without that tariff announcement, a case could be made for a 25 basis point rate cut. The 25% tariff rate is an ... (full story)

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