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Can the Trump Effect Continue to Lift Markets Citi Wealth Insights
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Europe Politics Present an Opportunity Citi Wealth Insights
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Chinas Growth Surprise This Year Citi Wealth Insights
22 Sep 2022
India Headline CPI rose by 29bps to 7.0%YY in Aug-22, largely led by uptick in CPI Food & Bev. ex vegetable. With increasing divergence within the food basket evidenced by subdued vegetables prices and elevated cereals prices, August witnessed the sharpest MoM jump in rice and wheat prices (since 2014). Citi analysts retain CPI forecast of 6.7% FY23 for average and expect 4QFY23 inflation at ~5.9%YY. With CPI prints largely in line with RBI forecast, they believe the central bank may temper the pace of policy normalization in September by opting for a 35bps rate hike coupled with no change in MPC stance.
Key Highlights:
Summary: The growth-inflation backdrop may likely lead the RBI to temper the pace of the aggressive normalization might opt for a 35bps repo rate hike with a change in MPC stance unlikely in Sep MPC.
For more updates please visit Citi Wealth Insights
Can the Trump Effect Continue to Lift Markets Citi Wealth Insights
Europe Politics Present an Opportunity Citi Wealth Insights
Chinas Growth Surprise This Year Citi Wealth Insights