17 Aug 2022 Emerging Asia Monitor The Details of July's WPI Offer a Lot of Hope for Smaller RBI Hikes

Miguel Chanco (Chief EM Asia Economist)16th Aug 2022 17:52Emerging Asia, Daily Monitor

WPI inflation in India plunged to a five-month low in July, opening the door further for smaller rate hikes.

Upstream core disinflation is gathering pace, while oil prices should ensure a slowdown in non-core.

Our +1.2% forecast for Indonesia’s current account this year is unchanged, despite the July trade data.

cpi current account disinflation exports food inflation fuel government government bonds imports india interest rate July June labour March oil oil prices policy rbi Reserve Bank of India September trade trade surplus unemployment unemployment rate us

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Keywords for: 17 Aug 2022 Emerging Asia Monitor

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