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During the Covid crisis, governments and central banks slashed interest rates and pumped in huge amounts of money to revive their economies. But as activity resumed and pent-up demand burst out, the excess money caused high inflation, which has stubbornly refused to return to official targets. ....
The Reserve Bank of India (RBI)today kept the key lending rate unchanged at 6.5% for the third time in a row, but said inflation rates are likely to rise led by vegetable prices. ....
According to an ET Poll of 15 respondents, at the end of its August 8-10 meeting, the RBI s Monetary Policy Committee is seen keeping the repo rate unchanged at 6.50% and maintaining its prevailing stance of withdrawal of accommodation. ....
According to an ET Poll of 15 respondents, at the end of its August 8-10 meeting, the RBI s Monetary Policy Committee is seen keeping the repo rate unchanged at 6.50% and maintaining its prevailing stance of withdrawal of accommodation. ....