According to Jinshi Data, the median forecast of the Wall Street Journal survey shows that the Reserve Bank of India will keep the policy repurchase rate unchanged at 6.50% on Friday. Four people in the survey expected the interest rate to remain unchanged, and two expected a 25 basis point rate cut.
Nomura economists pointed out that the sharp slowdown in economic growth from July to September was a major setback, and the Reserve Bank of India may pay more attention to economic growth despite rising inflation. HSBC economists believe that economic growth is likely to be maintained, but the slowdown may stimulate the central bank to inject liquidity.
