Skip to content
Subscriber Only
Markets
Economics

India Central Bank Resists Rate Cut Pressure as Inflation Spikes

  • MPC decides unanimously to keep key interest rate at 5.15%
  • RBI says inflation in October was ‘much higher’ than expected
Updated on

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

India’s central bank defied expectations for an interest rate cut, preferring to keep its arsenal dry in case growth in Asia’s third-largest economy struggles to recover strongly in coming months.