India central bank to stay on hold even as peers pivot to rate hikes
India central bank to stay on hold even as peers pivot to rate hikes MUMBAI, Aug 3 (Reuters) - India’s central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows. Central banks in Europe, Australia, Indonesia, the Philippines, Singapore, South Korea and South Africa have raised benchmark borrowing costs since the U.S.-Israeli war on Iran began five months ago.
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India central bank to stay on hold even as peers pivot to rate hikes MUMBAI, Aug 3 (Reuters) - India’s central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows. Central banks in Europe, Australia, Indonesia, the Philippines, Singapore, South Korea and South Africa have raised benchmark borrowing costs since the U.S.-Israeli war on Iran began five months ago. The Federal Reserve and Bank of Japan, though, have kept rates on hold. Although it may adopt a more hawkish tone, the Reserve Bank of India’s Monetary Policy Committee will hold rates steady on Wednesday, 68 of the 72 economists in a Reuters poll predicted.
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- India central bank to stay on hold even as peers pivot to rate hikes MUMBAI, Aug 3 (Reuters) - India’s central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows. Central banks in Europe, Australia, Indonesia, the Philippines, Singapore, South Korea and South Africa have raised benchmark borrowing costs since the U.S.-Israeli war on Iran began five months ago.
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India central bank to stay on hold even as peers pivot to rate hikes
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