Emerging markets face risk of policy error amid conflicting priorities
In India, year-on-year growth more than halved to 6.3% in the latest quarter even as consumer-price growth remained above policymakers’ upper tolerance level. The nation was a laggard in raising borrowing costs and has cumulatively added only 190 basis points to its repurchase rate.
In India, year-on-year growth more than halved to 6.3% in the latest quarter even as consumer-price growth remained above policymakers’ upper tolerance level. The nation was a laggard in raising borrowing costs and has cumulatively added only 190 basis points to its repurchase rate.
