Rate Hike Odds Rise as Inflation Breaches RBI’s Target Again
- Consumer prices rose 6.44% in February versus 6.40% estimate
- RBI to review rates as markets weigh fallout of SVB’s collapse
A wholesale market in New Delhi.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India’s retail inflation breached the central bank’s target for a second straight month in February, raising odds of further monetary tightening even as markets weigh the fallout of Silicon Valley Bank’s collapse.
Consumer prices rose 6.44% last month from a year earlier, according to data released by the Statistics Ministry Monday. That’s lower than a 6.52% gain in January and compares with a 6.40% median estimate in a Bloomberg survey.