India's central bank raises rates for first time since 2023
Summarised from 2 outlets · Updated 7 Oct, 12:00 · Archive
India's central bank has raised interest rates for the first time since 2023 amid inflation concerns.
India's central bank has raised interest rates for the first time since 2023, signalling growing inflation concerns. The move reflects a global shift towards tighter monetary policy as central banks battle inflation fuelled by Middle East conflict.
HSBC and Goldman Sachs expect the central bank to raise rates again in December.
How it is being reported
- India's first bank rate hike since 2023 signals growing inflation concernsThe hike reflects a global shift towards tighter monetary policy as central banks battle inflation fuelled by Middle East conflict.BBC World · 7 Oct, 11:44
- India’s central bank hikes rates for the first time since 2023 as inflation risks buildHSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.CNBC · 7 Oct, 06:11
In this story: India · Reserve Bank of India · HSBC · Goldman Sachs
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
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