Daily Voice | Forecast 4 rate hikes by RBI in FY23, India less attractive compared to other Asia markets, says Hou Wey Fook of DBS Bank

Daily Voice | Forecast 4 rate hikes by RBI in FY23, India less attractive compared to other Asia markets, says Hou Wey Fook of DBS Bank

Hou Wey Fook of DBS Bank



"We forecast 4 rate hikes in FY23," Hou Wey Fook, Chief Investment Officer at DBS Bank, said in an interview to Moneycontrol.

"Nonetheless risks of an overshoot in the FY23 CPI projection, persistence of imported price pressures, higher agricultural input prices, producers' price increases and global shift towards policy normalisation are likely to convince the central bank to incrementally raise rates from the second half of the year," he reasoned.

Fook, with 30 years of fund management experience, said India markets could hit a record high in 2022 when global sentiments turn better in the second half from the easing of the Russia/Ukraine crisis and China sentiments improving, lifting the outlook for emerging markets. But India is seen as less attractive compared to other Asia markets, especially China for the following reasons, he feels.

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