RBI raises rates to tackle ‘uncomfortably high’ inflation

The Reserve Bank of India raised its main rate by 50 basis points today, as it looks to ensure “uncomfortably high” inflation does not become entrenched.

The monetary policy committee voted unanimously for the hike, taking the rate to 5.4%. The committee stressed the need to ensure inflation expectations do not rise, and to contain second-round effects from wage and price increases.

“Consumer price inflation has eased from its surge in April but remains uncomfortably high and above the upper

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!