15 July 2022 Medalla Meddles with the Calendar, with a--Likely--One-and-Done Hike

Miguel Chanco (Chief EM Asia Economist)14th Jul 2022 14:53Emerging Asia, Daily Monitor

The BSP’s 75bp out-of-cycle hike was made with no signs of inflation “broadening” and “sustaining”.

Mr. Medalla likely knows his hands will be tied soon, hence the urgency to back up his hawkish talk.

WPI inflation in India slowed faster than expected in June, but the details will keep the RBI honest.

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