The Reserve Bank of India (RBI) surprised the market with a rate hike today, signalling its commitment to bringing down inflation, while perhaps also hoping to protect the rupee amid the ongoing emerging market turmoil. While the hiking cycle looks to be over, it will be a while before the central bank considers cutting interest rates to give the economy some much-needed support.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services