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Old 22-11-2018, 11:54 PM
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I think the quantum is 0.8 month.

Reason: MTI's economic survey issued this morning project the whole year's growth as "between 3-3.5%". If one looks back at 2014, the same MTI's economic survey's projection also issued in November, it was quite close to the projection this time. In 2014 the AVC was 0.8 month

Of course, I hope the PSD announcement (coming out either tomorrow (Friday) or next Monday) proves me wrong and maintain 1 month AVC.
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