9 Aug 2022 Emerging Asia Monitor RBI Surveys Suggest Diminishing Urgency for Aggressive Rate Hikes

Miguel Chanco (Chief EM Asia Economist)5th Aug 2022 15:25Emerging Asia, Daily Monitor

Elevated inflation expectations in India continue to tick down, lowering the need for more big rate hikes.

Widespread plans for price rises are unlikely to be realised fully, with inventories also historically high.

Long overdue fuel-related disinflation is now surfacing in the worst-hit countries in EM ASEAN.

diesel disinflation downside risks india inflation expectations inventories July May monetary policy monetary policy committee mpc net share oil policy q2 q3 rate hike selling prices September survey data surveys transportation us

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