US President Donald Trump’s tariff shock on India is complicating the central bank’s interest rate decision Wednesday, with some economists bringing forward their expectations for easing.

Before Trump’s announcement, most economists had expected no change in rates following the governor’s cautious stance in the June policy meeting. The majority — 23 out of 34 economists surveyed by Bloomberg — still expect the Reserve Bank of India to hold this week, but a few banks have changed their forecasts recently.

Soumya Kanti Ghosh of State Bank of India Ltd., the only economist to correctly predict the RBI’s surprise larger-than-expected rate cut in June, and Dhiraj Nim of Australia & New Zealand Banking Group, now predict a quarter-point easing on Wednesday to shield Asia’s third-largest economy.

The RBI has cut the benchmark repurchase rate by 100 basis points since February to 5.5%, including an unexpectedly large cut in June. Since then inflation has eased to the lowest level in more than six years, while Trump has hit India with a 25% tariff rate and threatened additional penalties, clouding the growth outlook.$ETH $SOL $BTC