The rise in headline consumer price inflation to a four-month high in December supports our view that the central bank will be in no rush to loosen policy. We expect rate cuts to materialise in the second half of 2024, much later than most other major EMs.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services