Loading...

mosque
partly-cloudy
°C,

India's economic growth to slow if central bank hikes rates

May 12, 2022 / 1:34 PM
Image for the title: India's economic growth to slow if central bank hikes rates
download-img
Kanadukathan Palace in Kanadukathan town in India's Tamil Nadu state
Sharjah24 - Reuters: India's economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday.
India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source said on Wednesday.

The central bank hiked its repo rate by 40 basis points (bps) to 4.40% following a emergency meeting earlier this month.
May 12, 2022 / 1:34 PM

More on this Topic

Rotate For an optimal experience, please
rotate your device to portrait mode.