Inflation trajectory isn’t the pole star guiding India’s future rate actions
The RBI has increased its lending rate by around 250 bps since May last year in a bid to cool prices. Another 25 bps hike will take the borrowing costs to a seven-year high. Some analysts expect inflation to ease going ahead largely due to base effect, but they are divided on whether that will prompt the domestic rate-setting panel to pause the rate increase cycle.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
