Demonetisation may cause inflation to fall under 4 %; here’s why

By | 17/11/2016

Demonetisation may cause inflation to fall under 4 %; here’s why

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Even though demonetisation of high-value notes will impact consumption in the short run, it is expected to pull down retail inflation to below 4% in November reading from 4.2% in October, a senior finance ministry official said on Wednesday. He also said the move could give space to the monetary policy committee (MPC) to further cut interest rate in the coming months.

Besides hurting luxury…

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