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