Barclays: The Reserve Bank of India may cut interest rates in June.

Jin10 data reported on May 14 that Barclays economists stated in a report that the Reserve Bank of India may cut interest rates in June, previously expected in August. The average inflation rate in India for April to June is expected to be around 3.0%-3.1%, well below the Reserve Bank of India’s forecast of 3.6%, which may prompt it to cut rates for the third consecutive time at the June meeting. Although the consecutive easing of food prices may be coming to an end, overall price pressures remain controlled, and the inflation data for May may benefit from base effects. Barclays expects the inflation rate for the fiscal year 2025-2026 to be 4.0%, with downside risks.