Care Ratings expects another 25 basis points rate cut in February
After the minutes of the Monetary Policy Committee (MPC) meeting was released on Thursday, rating agency Care Ratings said it is expecting another 25 basis points rate cut in February itself.
After the minutes of the Monetary Policy Committee (MPC) meeting was released on Thursday, rating agency Care Ratings said it is expecting another 25 basis points rate cut in February itself.
In an interview to CNBC-TV18, Madan Sabnavis, Chief Economist, said, "Reading the MPC minutes it does gives me the impression that it is going to be a one-time pause."
According to Sabnavis, after union budget 2020, RBI can make a decision on the rate cut as the status of government finances will be out then.
Further, he said, "Personally, I still feel that we need to see that 1.35 basis points first workout before we go in for another cut. It looks like following the budget, we would be seeing a rate cut taking place probably at a magnitude of 25 basis points."
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