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VIEW: Uncertain Inflationary Environment Forces RBI To Lean On Data Dependency

RBI

Societe Generale note that “the RBI spoke on data dependency given the still lingering uncertainty about the inflation trajectory, with the possibility of a rate hike still at play in the event inflation remains elevated for longer.”

  • “Yet that possibility does not appear to be the RBI’s base case scenario. If no further worsening of the inflation trajectory materialises, we would expect the central bank to make its first rate cut during 2Q24.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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