India Inflation At 7% Sets Stage For June Repo Rate Hike - BloombergQuint
4/12/2022 12:00:00 AM3 yearsago
by BQ Desk
by BQ Desk
CPI inflation at close to 7%, with pressures now broad-based, may prompt the central bank to raise rates in June.
Markets are already building in a sharp hike in rates over the next 12 months. The overnight indexed swaps market, a measure of market expectation of the money market rates, is signalling 100-150 ba… [+1718 chars]
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