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15th Mar 2022 00:10Emerging Asia, Daily Monitor

  • February's plus-6% CPI print is unlikely to spook the RBI, which will look through the food base effects...
  • ...But the space for the dovish MPC to hide is narrowing; a June rate hike remains our core view.
  • WPI inflation surprised massively to the upside, though, and it looks set to be very sticky until Q3.

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