India’s Central Bank holds policy rates unchanged to control inflation

Times of Oman | Dec 7, 2019 at 5:05 PM
  • India’s Central Bank announced to maintain the repo rate unchanged at 5.15 per cent on Thursday, giving priority to control inflation rather than the diminishing growth in Asia’s third-largest economy.
  • The statement was made after the country’s Reserve Bank of India’s Monetary Policy Committee (MPC) concluded its two-day meeting on Thursday.
  • Most market experts were expecting at least a 25-basis points rate cut.