HSBC pegs Q2 GVA growth at 6.3%; sees no rate cut

British brokerage HSBC on Tuesday said gross value added (GVA) growth will come in at 6.3 per cent for the second quarter, and risks to inflation will prevent the Reserve Bank from tinkering with its policy rates at the next review. Growth data for the July-September period is expected to be released on Thursday, while the Reserve Bank will be coming out with a bi-monthly review on December 6. “While recovery is expected to be only modest, inflation risks are edging higher,” economists at the brokerage said.