RBI Likely to Begin Rate-Hike Cycle as Inflation Accelerates
· Business · Zee News, Indian Express
The Reserve Bank of India is expected to begin a rate-hike cycle as headline inflation and wholesale price inflation accelerate. The policy repo rate is likely to move closer to 6.5 per cent according to a recent report. The anticipated monetary tightening comes in response to mounting inflationary pressures across the domestic economy. The exact timeline for the rate adjustments has not been officially detailed by central bank authorities. Further policy announcements are expected as economic indicators are reviewed.
Why it matters
Higher policy rates will raise borrowing costs for consumers and businesses across India, increasing EMIs on loans and affecting credit growth.
Read the original report — Zee News
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