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Rate hike: Behind the RBI’s pivot, a need to safeguard price stability

via The Indian Express https://ift.tt/OXybdEC
The Indian Express Rate hike: Behind the RBI’s pivot, a need to safeguard price stability The interaction between persistent supply shocks and strong demand warrants particular attention. Economic history suggests that when supply-driven price pressures coincide with robust growth, inflation often broadens beyond a narrow set of categories
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