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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 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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