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India keeps repo rates steady

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/06/2017 (12:09)
According to media reports, India’s central bank kept its repo rates unchanged despite an ease in growth and inflation. Accordingly, the repo rate stands at 6.25% and reverse repo rate at 6%. The bank had lifted the reverse repo rate by 25 basis points in April in order to narrow the gap between repo and reverse repo rates.

The bank’s recent decision is in line with the neutral stance of monetary policy, which aims to achieve the medium-term inflation target of 4% on a durable basis.

Headline inflation, which slowed to 2.99% in April when compared to the central bank’s target of 4%, is estimated to stand at 2-3.5% in the first half and at 3.5-4.5% in the second half of the year.
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