NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
February 14, 2018
India Monetary Policy: February 2018
The RBI held the benchmark Repo rate at 6% at its February meeting. This decision was in line with expectations.
Key points:
- The RBI held the benchmark Repo rate at 6% at its February meeting. This decision was in line with expectations.
- They also raised their inflation outlook, and highlighted upside risks to the forecasts.
- In light of the elevated inflation outlook, NAB Economics has changed its interest rate projection.
- In particular, we are forecasting a rate hike in the December quarter 2018, which will raise the Repo rate to 6.25%. Risks to our forecasts are evenly balanced.
For further details, please see the attached document:
