Easing policy may not be easy even at 18-month low inflation

May 15, 2023

Driven largely by base effect, headline retail CPI inflation is expected to drop further with the JUne quarter inflation below 5 percent. The Reserve Bank in its April policy statement projected CPI inflation at 5.2 per cent for 2023-24, with April-June Q1 at 5.1 per cent.

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