Inflation conundrum: Is the Maradona theory at work? - Economic Times

An inflation reading of 6.95% in India in March, a percentage point above the central bank's upper tolerance threshold, has stirred the markets. Economists are convinced that the Reserve Bank of India will begin raising rates in June.

Until a few weeks ago, central bankers from Jerome Powell to Shaktikanta Das believed that inflation would be transitory. Suddenly, it appears to be lasting. An inflation reading of 6.95% in India i… [+4313 chars]

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