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Inflation expected to rise, RBI unlikely to change interest rates: Poll

The Reuters latest survey found 52 of 54 economists expected the RBI to hold the repo rate at 6.0 percent on Dec 6

Reuters  |  Bengaluru 

The Reserve Bank of India is likely to leave interest rates unchanged at its December policy meeting and through the end of next year, despite expectations that inflation will breach its 4 percent target in the next few months, a Reuters poll showed. The results, from a poll of economists taken over the past week, also found there is a bigger risk the next move is a cut, even though forecasts diverge in three directions starting from the second quarter of next year. That suggests both that policymakers have little room for manoeuvre and the outlook for rates beyond the next few ...

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First Published: Wed, November 29 2017. 12:56 IST