scorecardresearchMonetary Policy Committee member Shashanka Bhide Eyes Larger Interest Rate Hikes to Return Inflation to Goal

Monetary Policy Committee member Shashanka Bhide Eyes Larger Interest Rate Hikes to Return Inflation to Goal

Updated: 11 Jul 2022, 03:46 PM IST
TL;DR.
India’s central bank may need to raise interest rates more aggressively to anchor inflation within its 2%-6% target, according to Shashanka Bhide, a member of the rate-setting panel.
FILE PHOTO: A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 8, 2022. REUTERS/Francis Mascarenhas

FILE PHOTO: A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 8, 2022. REUTERS/Francis Mascarenhas