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India central bank hikes rates 25 bps as expected, hints more could come
The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on the withdrawal of accommodation, with four out of six members voting in favour of that position. Most analysts had expected a hike on Wednesday to be the final increase in the RBI’s current tightening cycle, which has seen it raise rates by 250 bps since May last year. The monetary policy committee (MPC), comprising three members from the central ... (full story)
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- Posted: Feb 8, 2023 7:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,197
