Rajan unveils rate hike - and cut - as QE lingers on
Reserve Bank of India (RBI) governor Raghuram Rajan today caught out many observers by hiking interest rates at a time when the Indian economy is recuperating from arguably its toughest economic patch since the early 1990s.
The RBI raised the repo rate to 7.5%, contrary to the wishes of the country's business community, which had predominantly been calling for a cut – citing inflation pressures and looming Federal Reserve tapering.
"Recognising that inflationary pressures are mounting and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com