The Reserve Bank of India (RBI) unexpectedly kept rates on hold today, but flagged several upside risks to the inflation outlook in its accompanying statement and explicitly shifted to a more hawkish formal description of its policy stance. As such, we think that the tightening cycle still has a little further to run.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.