December 9, 2022

Market and Financial News

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Rate hikes to continue despite imminent slowdown

1 min read

Economists have factored a lower growth for the September quarter at 6.5 percent compared to 13.5 percent in the June quarter. Despite risks of a further slowdown, the Reserve Bank is still expected to deliver a 35 to 50 basis points ( one bps is 0.01 percent) rate hike to manage inflation within the mandated band of 2-6 percent.



2022-11-22 08:45:29

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