Dear All,
50bps is a bit of a shocker..will be difficult for the system to absorb this without any impact on growth.
Clearly the target is to manage inflation and more importantly 'inflation expectation'. This can have an impact on consumption esp with earlier policy hikes still in 'transmission' mode.
Also understand that there is a limitation for monetary policy action on inflation dynamics…beyond which growth and consumption is bound to get hurt.
Time to tread carefully, as markets will witness portfolio churn. Pharma, IT are sectors to park for the medium term.
Source:- Experience one Senior
-- Thanks & Regards
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com
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