Why the RBI may cut interest rates by 25 basis points on Friday

The International Monetary Fund’s (IMF’s) latest World Economic Outlook (WEO) released on January 17, 2025, makes sober reading. While the IMF maintained its global growth forecast unchanged at 3.3% in 2025 and 2026, global headline inflation is likely to decline to 4.2% in 2025 and to 3.5%…