Week Ahead in Global Macro: Last Yellen FOMC, US Treasury Funding, Eurozone GDP/CPI, US Jobs

India:Core Industries Grew at Lesser Rate in October Vs. September, Recovery Likely to Remain Uneven

Economist

Richard Iley

Macroeconomics

<div class="content-highlight"><p><strong>RBI's Monetary Policy Committee (MPC) kept its key policy rate - the repo rate - unchanged at 6% as widely expected in a 5-1 split vote. While the MPC formally retained a neutral stance, the thrust of the statement was tilted in a decidedly hawkish direction. The modal inflation forecast was nudged up again while a series of upside inflation risks were emphasised. The MPC's base case for inflation continues to look conservative and, with a real risk of CPI inflation hitting 5.5% by mid-2018 by</strong>…</p></div>

RBI's Monetary Policy Committee (MPC) kept its key policy rate - the repo rate - unchanged at 6% as widely expected in a 5-1 split vote. While the MPC formally retained a neutral stance, the thrust of the statement was tilted in a decidedly hawkish direction. The modal inflation forecast was nudged up again while a series of upside inflation risks were emphasised. The MPC's base case for inflation continues to look conservative and, with a real risk of CPI inflation hitting 5.5% by mid-2018 by…

India

RBI: Hawkishly Neutral