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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
