India Lifts Key Rate By 50 Bps

India's central bank opted for a bigger-than-expected interest rate hike on Wednesday as policymakers expect inflation to remain above the tolerance band for much of this year. The Monetary Policy Committee unanimously decided to hike its key interest rate, the repo, by 50 basis points to 4.90 percent on Wednesday, which was bigger than what economists and markets had expected.

from RTT - Top Story https://ift.tt/ouhXm0b
via IFTTT