News > Global cues may force RBI to hold rates

Global cues may force RBI to hold rates

RBI is expected to hold the policy rates at the upcoming review meeting this week amid persisting domestic challenges and worsening global economic woes. Major global central banks are either cutting interest rates or contemplating the same as the fight to tame inflation is either nearing its logical end or becoming too costly. Bank of England cut the rates to 5%, increasing the expectation from the US Federal Reserve to go for the first cut in September this year.