Views of Ms. Arundhati Bhattacharya, Chairman, State Bank of India on the Repo Rate Cut by RBI

Views of Ms. Arundhati Bhattacharya, Chairman, State Bank of India on the Repo Rate Cut by RBI:

“We welcome the 25 basis point repo rate cut by RBI. With global crude and commodity prices expected to be benign, inflationary expectations moderating to single digit, the current disinflationary impetus is likely to be firmly entrenched and unwinding. We thus believe that this cut may be just the beginning of a rate easing cycle.”