Majority of economists see RBI rate cut next week: BS poll

But five of 14 economists say they expect RBI to hit the 'pause' button

Unlike the June policy, when the consensus was that the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) would decide on a pause on policy rates, economists are divided on what the course of action will be in the August 1-2 review.

Of the 14 economists polled by Business Standard, five said there would be the status quo this time. In most cases where the economists said there would be a cut, they warned it was a close call.

India is now facing the lowest inflation rate ever — 1.5 per cent, which is half a