印度卢比:印度储备银行暗示利率保持稳定 – BBH
布朗兄弟哈里曼(BBH)分析师指出,印度储备银行在此前降息后将政策利率维持在5.25%,并表示结束宽松政策,同时保持中性立场。尽管掉期市场预计未来会加息,行长马尔霍特拉强调未来一年将保持利率稳定

布朗兄弟哈里曼(BBH)分析师指出,印度储备银行在此前降息后将政策利率维持在5.25%,并表示结束宽松,同时保持中立立场。尽管掉期市场预计未来会加息,行长马尔霍特拉强调未来一年将保持利率稳定。分析师预计,最近的美印贸易协议将帮助美元/印度卢比回撤之前因贸易紧张而获得的涨幅。

中立的印度储备银行立场对卢比施加压力

"印度储备银行(RBI)一致投票决定将政策利率维持在5.25%,此前在2025年进行了125个基点的降息。今天的政策决定符合预期。重要的是,RBI表示已经结束宽松。"

"卢比的表现不及所有新兴市场货币,主要是因为RBI行长桑杰·马尔霍特拉对市场加息预期持反对态度。马尔霍特拉强调,银行的中立立场意味着在接下来的9到12个月内将保持利率稳定,同时补充说实际利率仍然很高。"

"无论如何,本周达成的美印贸易协议应该有助于美元/印度卢比回撤大部分在8月贸易紧张高峰后获得的涨幅——当时美国对印度征收了50%的关税。"

(本文由人工智能工具生成,并经过编辑审核。)

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