Daniel Moss Bloomberg

Thousands of miles from the corridors of the Federal Reserve and European Central Bank, a struggle between competing views on inflation is unfolding.

The RBI's rate cut in February was risky - few economists anticipated it - but appropriate. The signalling power was immense.

Thousands of miles from the corridors of the Federal Reserve and European Central Bank, a struggle between competing views on inflation is unfolding.

The RBI's rate cut in February was risky - few economists anticipated it - but appropriate. The signalling power was immense.