Goldman Sachs expects RBI to cut rates by a quarter percentage point in Feb

Goldman Sachs Group Inc. expects India’s central bank to cut interest rates by a quarter percentage point in February, the latest to add its voice to a chorus of calls for monetary policy easing.

The Wall Street bank said lower inflation projections, and expectations of a slower pace of U.S. policy rate hikes prompted it to shift its call from a previous forecast of no change in February.

The Goldman analysts, led by Chief India Economist Prachi Mishra, still expect the Reserve Bank of India to move back to a tightening mode in the second half of 2019 as the Federal Reserve