India: RBI seen on hold this week – UOB By pabspiovano India CentralBanks InterestRate Banks
Lee Sue Ann, Economist at UOB Group, suggests the Reserve Bank of India would keep the policy rate unchanged at its Wednesday’s event.in an unscheduled policy move on 4 May was in view of higher inflationary pressures for the year ahead. Notably, inflation was 6.95% y/y in Mar 2022, and significantly above the central bank’s upper tolerance threshold of 6.0%.”
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