Results now published from the latest Reuters poll 18 Oct
– a further 25bps cut to 6.0% forecast
– economy to grow 7.7% in fiscal year ending 2017
– CPI forecast to average 5.1% in FY 2016/17 vs 5.4% in July poll
The rate cut expectations come with the same rationale that saw the RBI make a surprise cut f 25bps to 6.25% this month, the lowest level since 2010.