On the global front, the probability of additional policy tightening has likely reduced due to a host of factors – the pace of wage growth has moderated, global supply chains have normalized facilitating moderation in goods inflation and credit conditions have become challenging. However, it seems premature to conclude that the war against inflation is over, therefore we expect the central banks to hold rates at prevailing levels for some time. Meanwhile, the economic growth in India remained robust in October led by a festive demand boost. Risks to growth continue from weak agricultural performance, softness in the labour market, and slowing exports. With inflation expected to remain above the target level, we retain our view of the RBI remaining on a prolonged pause in the remainder of FY24.<\/p>\n","protected":false},"excerpt":{"rendered":"
On the global front, the probability of additional policy tightening has likely reduced due to a host of factors – the pace of wage growth has moderated, global supply chains have normalized facilitating moderation in goods inflation and credit conditions have become challenging. However, it seems premature to conclude that the war against inflation is […]<\/p>\n","protected":false},"author":1,"featured_media":3973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,6],"tags":[],"class_list":["post-4060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macro-economic-monitor","category-research-reports","macro-economic-monitor","research-reports"],"acf":[],"_links":{"self":[{"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/posts\/4060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/comments?post=4060"}],"version-history":[{"count":3,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/posts\/4060\/revisions"}],"predecessor-version":[{"id":4066,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/posts\/4060\/revisions\/4066"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/media\/3973"}],"wp:attachment":[{"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/media?parent=4060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/categories?post=4060"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/13.235.158.174\/hfc\/wp-json\/wp\/v2\/tags?post=4060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}