Reserve Bank has a narrow window to cut rates

Two different measures of inflation - the consumer price index (CPI) and the wholesale price index (WPI) - in the country are showing a divergence. While CPI continues to stay elevated (up 10.9 per cent in February), the WPI is showing signs of stabilising, with the February print coming in at 6.84 per cent compared to the 6.6 per cent seen in January 2013 and 6.95 per cent seen in February 2012.

Read Full Story>>