Best viewed on a device with a bigger screen...
We reckon that the RBI will opt for a smaller-than- expected 25bp hike on Wednesday, to 4.65%...
...Recall that only a minority of the MPC is trigger-happy, and recent policy moves are disinflationary.
The case for an unexpected higher turn in BoT policy has grown since the last meeting in March.
This publication is only available to Emerging Asia Economic Research (Monitor) subscribers
diesel, exports, fuel, government, india, June, May, monetary policy, monetary policy committee, mpc, oil, oil exports, policy, q1, rate hike, rbi, repo, Reserve Bank of India, transportation, us, vegetable prices, vegetables, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence