According to a recent poll conducted by Moneycontrol, ten economists have indicated a decrease in the probability of a 25-basis point interest rate cut by the Reserve Bank of India (RBI) in February 2025.

The probability has dropped from 68 percent in the previous poll conducted in mid-October to 60 percent.

The decline in confidence is attributed to factors such as rising geopolitical uncertainties, persistent high inflation, and stable growth conditions.

The poll also revealed that expectations for a rate cut in December have significantly reduced, with the probability dropping to zero from 25 percent previously.

Economists have highlighted global uncertainty and a slowdown in urban consumption as key factors hindering economic growth.