The RBI will factor in all indicators, including the recent cooling off in the wholesale price-based inflation, to decide on the policy action at the upcoming monetary review. Deputy Governor KC Chakrabarty was speaking at a banking conference organised by the Indian Merchants Chamber in Mumbai today. The central bank will announce its mid-quarter review on June 17. Analysts are eyeing a 0.25 per cent reduction in the lending rates considering a slew of factors. These include the fall in growth to a decadal low of 5 per cent and a more-than-expected improvement in fiscal deficit to 4.9 per cent last fiscal against a projected 5.2 per cent, and steadily falling core and headline inflation numbers. Notably, the RBI has been citing a host of issues – high fiscal and current account deficits, supply side issues, rural wage spikes, increasing protein consumption, among others – in recent years in its fight against inflation.