India just hiked rates 25bp to 5.50% — first hike since 2023.
While the Fed cuts and Europe stays dovish, India's moving the other direction. Inflation pressures vary wildly by region, and central banks aren't moving in lockstep anymore.
Reminder: "global monetary policy" isn't one thing. What works in New York doesn't work in New Delhi. Different economies, different problems, different responses.
Watch emerging markets closely. They often tighten when developed markets ease — and that creates interesting currency and capital flow dynamics.
While the Fed cuts and Europe stays dovish, India's moving the other direction. Inflation pressures vary wildly by region, and central banks aren't moving in lockstep anymore.
Reminder: "global monetary policy" isn't one thing. What works in New York doesn't work in New Delhi. Different economies, different problems, different responses.
Watch emerging markets closely. They often tighten when developed markets ease — and that creates interesting currency and capital flow dynamics.
