MUMBAI: Jayesh Mehta is going against the crowd on the direction for Indian bonds. The central bank will cut interest rates this year, he said, bucking a growing consensus that the authority’s next move would be a hike.
Mehta, the managing director and country-treasurer at Bank of America Merrill Lynch (BoA), said he expected local and global data on consumer prices to underwhelm, diluting the case for tightening.
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