India’s RBI Keeps Focus on Growth as Key Rate Held Steady By Bloomberg
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. India’s central bank kept interest rates unchanged at a record low, setting aside concerns over high inflation to support an economy bracing for impact from an impending wave of the pandemic. The Reserve Bank of India’s six-member Monetary Policy Committee retained its main repurchase rate at 4% on Friday, as predicted by all 29 economists in a Bloomberg survey. Policy makers voted 5-1 in favor of keeping the stance accommodative, a departure from the past when they were unanimous on the...
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