Govt’s Gamble on GST cuts: What do the bond and currency markets signal?

It is not only people who suffer from cognitive prejudices, but also markets. Interestingly, different financial markets show different prejudices, which interpret each events through its own prism of prejudices. Take the recent announcements about GST reforms: stock markets have chosen to view them through the lens of growth, while the deposit and currency markets […]

Govt’s Gamble on GST cuts: What do the bond and currency markets signal?

It is not only people who suffer from cognitive prejudices; Markets do that too. Interestingly, different financial markets show different prejudices, which interpret each events through its own prism of prejudices. Take the recent announcements about GST reforms: stock markets have chosen to view them through the lens of growth, while the deposit and currency […]