Quote on CPI Inflation by Upasna Bhardwaj, Kotak Mahindra Bank
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Below is Quote on CPI Inflation by Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank
“The sharply higher than expected March inflation reading further increases the challenge for the MPC as we now see significant upside risks to the recently revised trajectory provided by the committee. March reading broadly confirm the 2QFY23 average crossing significantly higher than 6%, thereby registering three quarters of inflation higher than the upper threshold in a row. We assign a very high probability of a rate hike of 25bps in the June policy along with a stance change.”
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