Barclays Bank expects India's Central Bank to cut interest rates again in April.

On February 7th, Barclays Bank still expects India's Central Bank to cut interest rates again in April, and points out that the decision in February was unanimous, while expecting the recent economic rise to be at a low level and inflation to be close to the target. The focus of India's Central Bank seems to have shifted to supporting the rise, emphasizing the ongoing anti-inflation and slowing rise to provide room for reducing restrictive policies. Barclays Bank said that this is in sharp contrast to the Central Bank's statement in December last year, which emphasized inflation risks and stated that the rise is based on price stability. The bank expects the policy repo interest rate to be reduced from the current 6.25% to 5.5% by March 2026.