Slowing growth in the economies has not deterred the global central banks from staying put on the policy tightening path, said AJAY ARGAL, vice-president and senior portfolio manager - emerging markets equity – India at Franklin Templeton in an interview with Puneet Wadhwa. While this has been factored in, any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger, he said. Edited excerpts:
What’s your take on the recent macro numbers and how the markets have reacted to them?
Inflation (CPI) appears to be stabilising. In the coming months, inflation