“We thought we would get a 6.9% print for August and 7% print for September. We have to see whether we need to push our September number further up but I think we are still going to end up mildly undershooting the Q2 projections that the MPC had put forward for the CPI inflation. Net-net, it is a complicated set of circumstances as far as the next policy meeting is concerned which is just a couple of weeks away.”
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