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المشهد العربي
Indian Central Bank Raises Rates First Since 2023
The Indian Central Bank raised interest rates for the first time since 2023, by 25 basis points to reach 5.50%, in response to accelerating inflation and increasing risks related to global food and energy prices. This decision comes after consumer inflation continued to rise for the tenth consecutive month, reaching 4.8% in August, surpassing the target range of 4%. The central bank confirmed that a rate cut is not expected in the near future, with inflation projected to stabilize around 5.2% by the end of the fiscal year in March, while the economy continues to grow strongly amid global challenges.
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