By Saugata BhattacharyaConcerns on persisting, higher-than-expected consumer price index (CPI) inflation will prompt some questions on further easing at the next Monetary Policy Committee’s (MPC) review meeting. But the main concern will remain growth contraction and demand destruction.The balance of probability is that MPC will pause on a further cut (after a sequence of cuts in the policy repo rate from 6.5 per cent in early February 2019 to 4
