Bank of America expects RBI to reduce loan interest rates!
Posted on: 26/Dec/2014 12:52:03 PM
Bank of America has predicted that the Reserve Bank of India is likely to reduce the loan interest rates by 0.25%.
RBI’s target of reducing inflation to 6% is very likely to be achieved in the coming weeks. This may lead to RBI reducing interest rates.
The prospects are that inflation will be at 8% in 2015. It is likely to reduce to 6% in 2016.
