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Broadening inflation builds case for RBI tightening
Original: Broadening inflation, robust growth, global hikes build case for India RBI tightening
Analysts point to broadening inflation pressures, resilient economic growth and interest rate hikes by central banks worldwide as strengthening the case for the Reserve Bank of India to tighten monetary policy. The argument is that with price rises spreading beyond food and fuel and growth holding firm, the central bank has both the reason and the room to act, in line with the global tightening cycle.
Why now: Inflation spreading beyond food and fuel is raising expectations of an RBI rate hike as other central banks tighten.
Evidence
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