RBI has reduced prices to the lowest level since August 2022 in an attempt to support growth

The Indian Central Bank has delivered a significant reduction in the standard policy rate, which raised it to 5.5 % of 6 %, its lowest level since August 2022.

This also represents a third consecutive reduction since February, and it comes without moderate estimates of 5.75 % in a Reuters poll.

The decision comes after a GDP growth number is better than expected In the fourth financial quarter, with the economy extending by 7.4 % on an annual basis compared to 6.7 % estimated by the economists included in Reuters.

However, the Central Bank kept estimating the GDP of the entire year by 6.5 %, which represents a sharp slowdown compared to 9.2 % distorted in the previous fiscal year, which ended in March.

It was RBI The most prominent growth concerns In its previous meetings, amid the threat of definitions from the United States.

Separately, the decision also comes India’s inflation It is largely on the declining direction, which also allows the RBI room to lower prices.

Reading the last inflation in April was 3.16 %, its lowest level since July 2019.

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