Rapid rate hikes in the US could urge the Reserve Bank to keep up with or overwrite them. Photo: Istock
With December’s consumer price inflation rising to 5.9% year on year, the Reserve Bank is expected to increase the repo rate by 25 basis points to 4% on Thursday, according to 18 out of 23 economists who participated in a Reuters survey this week. The other five believe the rate will remain unchanged.
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