Barclays: The Indian central bank may cut interest rates in June

ChainCatcher news, Barclays economists stated in a report that the Reserve Bank of India may cut interest rates in June, previously expected in August. India's average inflation rate for April to June is expected to be around 3.0%-3.1%, significantly lower than the Reserve Bank of India's forecast of 3.6%, which may prompt a third consecutive rate cut at its June meeting. Although the continuous slowdown in food prices may soon come to an end, overall price pressures remain under control, and May's inflation data may benefit from base effects. Barclays expects an inflation rate of 4.0% for the fiscal year 2025-2026, with downside risks.