According to global financial services, the consumer price index based inflation is peaking off
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New Delhi : The Reserve Bank of India is likely to hold the key interest rate in its policy review meeting later this month and is expected to lower that from February, says a Bank of America Merrill Lynch report. According to the global financial services major, the consumer price index based inflation is peaking off and is expected to be around 7.5-8 per cent in September.
“We expect the RBI to begin to cut rates starting February with stable oil prices and INR providing comfort that consumer price inflation will come off to 6 per cent by early 2016,” BofA-ML said in a research note. The Wholesale Price Index based inflation fell to 5-month low of 5.19 per cent in July.
( Source : PTI )
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