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Indian Central Bank Hikes Rates for First Time in More than 3 Years
- The Reserve Bank of India’s Monetary Policy Committee began a three-day meeting on October 5, with its repo-rate decision due October 7 amid rising inflation and crude prices.
- A Reuters poll found that 35 of 61 economists expected a 25-basis-point increase, which would lift the repo rate from 5.25% to 5.50%.
- Retail inflation reached 4.82% in August, exceeding the Reserve Bank of India’s 4% target for the third consecutive month.
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98 Articles
98 Articles
The central bank responded to inflationary pressures with a rise of 25 basis points, the first since 2023
·Milan, Italy
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India Economy: RBI Raises Repo Rate to 5.50% After 3.5 Years, Loans and EMIs May Get Costlier
<p class="PDq2pG_selectionAnchorContainer" dir="auto" data-start="157" data-end="575">The Reserve Bank of India has delivered a major decision on interest rates, raising the repo rate by 25 basis points to 5.50%. This marks the first repo rate hike since February 2023, after a gap of nearly three and a half years. The decision could have a direct impact on borrowing costs, with home loans, car loans, education loans and other bank-linked credit …
·India
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Coverage Details
Total News Sources98
Leaning Left8Leaning Right13Center10Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 26%
C 32%
R 42%
Factuality
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