THERE IS NO URGENCY FOR RBI TO ACT AHEAD OF THE FED’S NEXT MOVE – COMMERZBANK

avatar
· 閱讀量 98



Economists at Commerzbznka analyze Indian economic outlook after inflation and growth data.

Stable inflation, continued expansion

February headline inflation in India held steady at 5.1% YoY. Encouragingly, core inflation, which excludes food and energy, moderated further to 3.3% YoY. Headline inflation may tick up in the coming months due to higher food prices from the warm weather and seasonal factors. However, it is still expected to remain within RBI’s 2-6% target range.

On the growth front, there were few signs of a slowdown in domestic demand. Production of consumer durables expanded by nearly 11% YoY in January. Overall, it appears the economy remains in a sweet spot. 

The near-term outlook remains positive while underlying inflation remains well anchored. This should see RBI keep rates on hold at 6.50% for the foreseeable future. They do not need to act ahead of the Fed’s next move.

 


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest