RBI has not cut the repo rate . At Capital Mind, we expected this – we said at the time of the last rate cut (in Mid-Jan): RBI will continue to cut rates. But since the next meeting is only on Feb 3, 2015 it will not have more data points (next inflation data comes on Feb 12 or so) to decide. So we think it might not be the immediate next meeting (on Feb 3) but again, we will see a 25 bps cut in mid Feb. That’s pretty much having nailed it for yet another time, and we’re quite happy we got that right. ( Capital Mind Premium members got our note yesterday reaffirming our expectation they won’t cut). But we promise, that’s the end of the “we told you so” for this post! What matters more is the stuff no one seems to want to talk about, but is really important.… (Read On…)
[via Capital Mind]
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