Economic TimesLean R·
Softer inflation trips rate hike forecasts, RBI hold more likely
MUMBAI: A softer-than-expected inflation trajectory in the first quarter has prompted economists to forecast a pause in rate action by the Reserve Bank of India (RBI), with at least two institutions that had earlier estimated an increase in policy rates at the August review meeting itself are now uncertain about the timelines for a hardening cycle.ANZ Bank and CitiBank had pencilled in a 25-basis-point rise at the August policy meeting. Both have withdrawn that forecast after consumer inflation…
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