HomeForex TradingA shock pause, however not a pivot – ANZ

A shock pause, however not a pivot – ANZ


Economists at Australia and New Zealand bnaking group (ANZ) present their afterthoughts on the Reserve Financial institution of India’s (RBI) shock coverage transfer on Thursday.

Key quotes

“The financial coverage committee (MPC) delivered a shock pause towards expectations of a 25bp hike, citing a have to assess the affect of earlier hikes amid an unsure financial surroundings.”  

“For FY24, the expansion forecast was nudged up by 10bps to six.5% and the inflation projection trimmed by 10bps to five.2%. Decrease oil value assumption was cited as the explanation for the improved growth-inflation outlook.”   

“We imagine that India’s fee hike cycle is over for now. Nevertheless, by sustaining its “withdrawal of lodging” stance, the MPC has preserved the scope for additional hikes, if wanted. Upside inflation dangers from a surge in oil costs and poor monsoon shall be on our radar.”

Supply hyperlink

latest articles

explore more


Please enter your comment!
Please enter your name here