SBI advises the RBI to make a 25‑basis‑point cut next week, emphasizing calibrated communication and a forward‑looking stance now.

• Ghosh notes September cut merits, but RBI must meet a higher post‑June rate‑cut threshold for inflation.
• Inflation is expected to stay benign through FY27, avoiding errors like August’s neutral‑policy stance in policy.
• June’s 50‑bps cut shifted to neutral; August held steady, highlighting the need for a timely reduction now.