More Hawks Than Doves Limit Hopes of a Rate Pause in India
- Several economists see further monetary tightening in April
- Minutes signal RBI may stay non-committal on future rate path
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Dovish tones in India’s hawkish rate panel may not get into the way of another rate hike as persistent price pressures keep the central bank on the vigil.
The Reserve Bank of India may raise rates by a quarter point in its next meeting in April, with no commitment to go for a pause even as two rate setters warned of the perils of further tightening — that’s the key takeaway of the minutes of Monetary Policy Committee meeting published Wednesday, according to some economists.