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RBI Not Likely to Lossen Policy Until Next Year Says Poll

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The Reserve Bank of India will probably wait until the second quarter of next year to loosen policy as it wants to cool inflation before trying to spur growth, a Reuters poll found ahead of a policy review meeting next week.
All but three of 46 economists surveyed over the past week said the bank would leave its key repo rate unchanged at 8.0 percent when it meets on Sept. 30.
The survey showed that the RBI is also unlikely to alter either the statutory liquidity ratio (SLR), setting banks’ minimum bond holding requirements, or the cash reserve ratio (CRR) that sets the percentage of depositors’ balances that banks must keep with the central bank.
And 16 of 21 economists polled said it will not cut the ceiling on debt that must be held-to-maturity (HTM).
Analysts also pushed back expectations for when the first interest rate cut is likely to happen.

via Yahoo

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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