OpinionRBI unlikely to go dovish unless growth is challenged, inflation outlook rules out further easing

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OpinionRBI unlikely to go dovish unless growth is challenged, inflation outlook rules out further easing ☶ Inflation and deflation Macroeconomic Theory
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Lower CPI inflation is no longer a sufficient criterion for easing; from the RBI Governor’s speech, it appears that Core inflation (which has been largely steady but seeing some uptick) will also become a monitorable going ahead.