The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India on Friday decided to keep inflation projection for the current financial year unchanged at 6.7 per cent and said that the retail inflation would remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23.
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India's (RBI) Monetary Policy Committee on Friday voted to keep the benchmark repo and reverse repo rates unchanged for the 11th consecutive time.
Mumbai (Maharashtra) [India], February 10 (ANI): The Reserve Bank of India (RBI) on Thursday pegged the country's Gross Domestic Product (GDP) growth for the financial year 2022-23 at 7.8 per cent, which is lower than 8 to 8.5 per cent expansion projected in the Economic Survey tabled in parliament 10 days back.
Mumbai (Maharashtra) [India], February 10 (ANI): In the last monetary policy review of the current financial year, the Reserve Bank of India (RBI) on Thursday decided to keep repo and reverse repo rates unchanged.