Pantheon Macroeconomics

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11th Apr 2022 00:10Emerging Asia, Daily Monitor, Weekly Monitor

The RBI held its main policy rates steady on Friday, but its de facto stance is now clearly "neutral". 

Normalisation has begun, in effect, with a narrowing of the interest rate corridor to the pre-Covid width. 

The Bank raised its CPI forecast substantially for this FY, but we think it will have to go further. 

cpi disinflation headline rate interest rate June March monetary policy mpc policy policy rates rbi repo us

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Keywords for: The RBI is "Neutral" and "Normalising" in All but Name

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