Some expect a slightly deeper cycle, with expectations of a terminal rate at 5% by December 2025 as the Reserve Bank of India surprised the market with a change in its stance to ‘accommodative’ from ‘neutral’, along with a downgrade in growth forecasts, “decisive improvement” in the inflation outlook and commitment to surplus liquidity.
Any relief rally in markets likely limited and temporary: David Roche
Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation
May 25, 2026