24 April 2026 Emerging Asia Monitor We think that the BSP's insurance hike will be 'one and done'

In what was a coin-toss meeting, the BSP tightened the target reverse repo rate by 25bp to 4.50%…
…It raised its CPI forecast to above 4% for 2027; we doubt inflation will be this bad or persistent.
India’s PMIs rebounded partially in April from the March shock, but the broad trend is still weak.

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence