By Swati Bhat

MUMBAI, Sept 28 (Reuters)The Reserve Bank of India is expected to keep key rates unchanged this week, but may for the first time since February provide guidance on how the economy is performing amid the coronavirus pandemic.

All 66 respondents in a Reuters poll expect the repo rate INREPO=ECI to remain unchanged at 4.0% after its policy review on Thursday, and a large majority see no cuts until the January-March quarter. The RBI will then likely stay on hold until the end of 2021.

The central bank must manage high retail inflation while keeping policy accommodative to support an economy which nosedived 23.9% last quarter, the weakest performance on record.

It has so far slashed rates by 115 basis points in response to the COVID-19 pandemic since late March.

“India’s inflation-constrained central bank is unlikely to deliver a rate cut, and we expect all

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Recasts with Hungarian move

WARSAW, Sept 24 (Reuters)The Hungarian forint EURHUF= firmed on Thursday, after the central bank unexpectedly raised the interest rate on its one-week deposit facility NBHK by 15 basis points to 0.75%.

The forint had weakened in recent weeks due to the impact of a second coronavirus wave on economic recovery and rising inflation. But the rate move lifted it immediately from five-month-lows around 365 versus the euro to around 363.5.

Market players said, however, that trend may not last.

At 1029 GMT the forint was 0.42% stronger on the day at 363.78.

Other Central European currencies were softer, taking a hit from a global risk sell-off on fears that rising coronavirus cases are slowing economic recovery.

Europe has seen a surge, with Poland reporting a new record daily number of cases on Thursday. In the Czech Republic, the surge has been growing

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By Joseph Sipalan

KUALA LUMPUR, Sept 10 (Reuters)Malaysia’s central bank kept interest rates steady on Thursday, holding fire after delivering monetary stimulus for four consecutive meetings, as the coronavirus-hit economy showed some signs of recovery.

Bank Negara Malaysia (BNM) left its overnight policy rate MYINTR=ECI at 1.75%. Six out of 13 economists polled by Reuters had expected rates to remain unchanged, with a slim majority betting on a rate cut.

The central bank said economic activity, supported by fiscal and monetary stimulus, had improved since a trough in April.

While it expected the recovery to continue into 2021, partly thanks to higher external demand, it said the rebound would be uneven across sectors and flagged “downside risks” and “uncertainties” linked to the coronavirus outbreak.

“Given the outlook for growth and inflation, the MPC (monetary policy committee) considers the stance of monetary policy to be appropriate

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