Third-quarter GDP growth is forecast to have risen 4.0% on year, and 2.0% on a quarter-on-quarter, seasonally adjusted basis, according to the WSJ poll. "With services inflation still elevated, the conditions are not in place for monetary policy easing," ANZ head of Asia research Khoon Goh said. Preliminary GDP data showing strong growth would also back the case to not start easing yet, Goh said. ANZ economists expect the RBI to watch how food prices develop before it moves to cut the policy rate, which they pencil in for December. HSBC economists expect 25-basis-point cuts from BSP in both October and December, considering the door to easing "wide open."

Source: Wall Street Journal October 14, 2024 06:18 UTC