Advertisement
Advertisement
India’s economic growth to slow if central bank hikes rates – official
By:
NEW DELHI (Reuters) - India's economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday.
NEW DELHI (Reuters) – India’s economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday.
India’s central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source said on Wednesday.
The central bank hiked its repo rate by 40 basis points (bps) to 4.40% following a emergency meeting earlier this month.
(Reporting by Aftab Ahmed and Manoj Kumar; Editing by Raissa Kasolowsky)
About the Author
Reuterscontributor
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:
Advertisement