The bank said the time was ripe for a cut, with inflation well below its target of 4%. "The output gap remains negative and the domestic economy is facing headwinds, especially on the global front," the bank said in a statement. Central banks around the world are adopting a more dovish tone as they reassess their monetary policies to address flagging growth. The European Central Bank, the Bank of Japan, the Bank of England and Reserve Bank of Australia are also looking sounding more cautious as the global economic outlook looks less certain. India's general election will be the largest democratic exercise of its kind ever held with around 900 million voters eligible to cast ballots.

Source: Dhaka Tribune April 04, 2019 08:48 UTC