{"id":282625,"date":"2026-02-13T18:54:07","date_gmt":"2026-02-13T18:54:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/282625\/"},"modified":"2026-02-13T18:54:07","modified_gmt":"2026-02-13T18:54:07","slug":"softer-cpi-keeps-rbi-on-hold-mufg","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/282625\/","title":{"rendered":"Softer CPI keeps RBI on hold \u2013 MUFG"},"content":{"rendered":"<p>MUFG\u2019s Senior Currency Analyst Lloyd Chan notes that India\u2019s CPI inflation under the rebased 2024 series rose to 2.8% year-on-year, driven mainly by food prices. He highlights that this places inflation back within the Reserve Bank of India\u2019s 2%-6% target band, which should allow policymakers to keep <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> unchanged at the April policy meeting.<\/p>\n<p>Inflation back inside RBI target band<\/p>\n<p>&#8220;In India, CPI inflation rose to 2.8%yoy under the rebased series (with 2024 as the base year), driven primarily by food inflation.&#8221;<\/p>\n<p>&#8220;This brings inflation back within the RBI\u2019s 2%-6% target range and should allow the central bank to remain on hold at its next policy meeting in April.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/p>\n","protected":false},"excerpt":{"rendered":"MUFG\u2019s Senior Currency Analyst Lloyd Chan notes that India\u2019s CPI inflation under the rebased 2024 series rose to&hellip;\n","protected":false},"author":2,"featured_media":282626,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-282625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/282625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=282625"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/282625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/282626"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=282625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=282625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=282625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}