At least one of those concerns is overdone, according to Kumar.“ The direct relation that people have talked about between fiscal expansion and inflation doesn’t really hold, ” Kumar said, pointing to price-growth remaining mostly within the central bank’s targeted 2%-6% range this year....
The recent spike in prices is temporary and “ inflationary expectations remain anchored.” Data Monday showed inflation came in at a softer-than-expected 6.26% in June, although it was well above the Reserve
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2021-07-13 00:00:00.0