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2025-09-15 15:40:27
[India's low inflation provides room for policy easing] Nomura economists wrote in a research report that India's recent low inflation provides room for policy easing. The country's consumer price index rose 2.07% year-on-year in August, within the Reserve Bank of India's target range of 2%-6%. However, daily price data for the first two weeks of September showed that the overall inflation rate may slow further to below 2.0%. "After September, the inflation-moderating effect brought about by the goods and services tax adjustment will be a factor that needs to be paid attention to," the economists added. Nomura expects the Reserve Bank of India to cut interest rates by 25 basis points in October and December respectively, bringing the terminal interest rate to 5.00% by the end of fiscal 2026.
