WPI Inflation : Higher rates will not impact the growth recovery underway in the economy now Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Morning Market 16 January 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Decline in WPI inflation to 4.95% and CPI inflation to 5.72% in December shows a steady downtrend in price level. The significance of this downtrend is that it will enable the MPC to pause after one more, say, 25 bp rate hike in February. Therefore, higher rates will not impact the growth recovery underway in the economy now"
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