Progress on trade negotiations will be high on the agenda during President Trump’s visit to India next week. But we have low expectations for any major breakthrough given the protectionist turn taken by policymakers in both India and the US in the past couple of years. Meanwhile, the minutes of the latest MPC meeting show that the committee is aiming to strike a balance between still-subdued economic growth and the sharp rise in inflation in the near term. This reinforces our view that further rate cuts are unlikely.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services