The drop in headline consumer price inflation to a one-year low in July should reassure the RBI that June’s surprise jump was a one-off and that the disinflationary trend remains intact. We therefore continue to expect the Bank to squeeze in a first interest rate cut in December, sooner than the Q1 2025 start that the consensus expects.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.