Inflation prompts surprise India interest rate hike - CNA

5/4/2022 12:00:00 AM2 years 11 months ago

MUMBAI: India's central bank announced a surprise interest rate hike on Wednesday (May 4), as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war. The announcement came hours before the US Federal Reserve was expected…

MUMBAI: India's central bank announced a surprise interest rate hike on Wednesday (May 4), as Asia's third-biggest economy reels from galloping inflation in the wake of the Ukraine war. The announce… [+2881 chars]

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