Crazy things keep happening. Just when I hoped BoP data would now be released during market hours, the reverse has happened.
Now CSO will release the 3 key data it is responsible for – CPI inflation (new series), IIP and GDP – post market hours at 5.30. Why so?
- The main reason would be to curb market volatility. Yes there is huge volatility but that is the whole point right. Who said markets are expected to be slow and steady.
- Or is it because of the numerous mistakes CSO keeps making in the data making it both embarrassing and doubly volatile?
It would have been much better if the several govt officials were asked to stop commenting the moment data is released. It is these comments which create unnecessary volatility and raise false hopes..
On one hand the govt keeps promising to liberalise markets and then keeps taking such strangulating measures…