India’s CPI inflation remains benign despite a marginal uptick
For the rest of Asia and the Pacific region, India's CPI data is likely to show a marginal uptick to 5.25%, from 5.10% y/y in January. While the inter-meeting rate cut delivered by the Reserve Bank of India on 4 March re…
For the rest of Asia and the Pacific region, India's CPI data is likely to show a marginal uptick to 5.25%, from 5.10% y/y in January. While the inter-meeting rate cut delivered by the Reserve Bank of India on 4 March reduces pressure for another rate cut at the April meeting, benign inflation may keep the door open for more cuts.
Central bank meetings in Thailand, South Korea and New Zealand will also be monitored but we do not expect any policy changes at these meetings.
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