New Delhi: With the Reserve Bank of India's credit policy review meeting expected to happen on Tuesday, experts are already divided over the outcome of the meeting. While some agree that RBI might affect a cut in various rates, others disagree and say that a status quo will be maintained.

The high interest rates on various loans, especially home loans have reduced the credit off-take substantially and banks are offering discounted interest rates to attract more borrowers. However, the banks feel that it will be difficult to reduce the interest rates any further, as asked by the Finance Minister, unless there are positive indications from the RBI.

Another section of experts feel that the recent statements by RBI Governor and the unexpected meltdown in stock markets might point towards a different trend. Indications are there that the RBI Governor will put a lot of emphasis on global economic outlook, the prices of foodstuffs and the recent rise in oil prices before drafting his monetary policy.

Experts believe that inflation is a major concern for RBI and it wants it to stay between 3-3.5 percent. The high prices of food stuffs and oil will definitely have an impact on the inflation and RBI will not ignore it. On the liquidity scenario, experts agree that RBI could soften its stand as the yesterday's stock market crash and global recession could leave little scope for removing liquidity.