India Rate Panel Signals Potential Hikes
India rate setters kept interest rates unchanged at five percent this month but signaled potential hikes ahead. Officials are watching for supply-sparked inflation pressures driven by rising oil prices.
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India's rate-setting panel left the repo rate unchanged at 5.25% earlier this month, while signalling impending hikes as supply-driven price pressures build. The unanimous decision on August 5 maintains a neutral monetary policy stance. Markets have priced in higher borrowing costs amid surging energy costs.
