Barclays: India's central bank may cut interest rates in June
According to online reports, Barclays economists said in a report that the Bank of India may cut interest rates in June, which was previously expected to be August. India's average inflation rate for April-June is expected to be around 3.0%-3.1%, well below the Bank of India's forecast of 3.6%, which may prompt it to cut interest rates for the third consecutive time at its June meeting. Although the continuous slowdown in food prices may be coming to an end, overall price pressures are still under control, and May inflation data may benefit from the base effect. Barclays expects inflation to be 4.0% in the 2025-2026 fiscal year, which poses downside risks. (Jin Shi)
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