OctaFX | OctaFX Forex Broker
Open trading account

India: Increase in headline inflation to bring an end to easing cycle – Capital Economics

In their latest client note, analysts at Capital Economics note that India’s headline retail inflation likely accelerated to a five-year high in December, which could prompt the policymakers to reconsider their easy monetary policy.

Key Quotes:

“Headline inflation is likely to have risen to its highest in five years. That would almost certainly be enough to bring the central bank’s easing cycle to an end.”

Fiscal loosening from the government in FY21 budget as recent anti-government protests will put pressure on policy makers to appease them through fiscal concessions.

The weakness of growth will add to pressure on the finance ministry to announce expansionary measures to support the economy.”

USD/JPY Technical Analysis: Weekly close beyond 109.70/75 will be a call to bulls

USD/JPY takes the bids to 109.55 during initial trading session on Friday. In doing so, the pair registers a bullish candlestick formation on the weekly chart.
Read more Previous

USD/INR: Rupee likely to remain under pressure in 2020 - Reuters poll

The Indian rupee (INR) will extend its two-year losing run this year, courtest of ongoing economic slump and bets for a stronger dollar, a Reuters pol
Read more Next
Start livechat