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India Raises Interest Rates More Than Expected As Inflation Hots Up

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http://www.telegraph.co.uk/finance/economics/7912080/India-raises-interest-rates-more-than-expected-as-inflation-hots-up.html

India increased interest rates today more than expected, as the government tries to stem a rise in inflation that's provoked strikes across the country.

The Reserve Bank of India (RBI), India's central bank, lifted its key rate to 4.5pc from 4pc. Economists had expected a rise to just 4.25pc.

Duvvuri Subbarao, the Governor of the RBI, has raised rates at a faster pace than those of rival Asian economies. The pain of higher prices has already sparked street protests by workers and fuelled attacks on the government of Prime Minister Manmohan Singh.

India Inflation thread from yesterday

So it only has to increase now by 7.5% until it matches inflation.

A great way to encourage Indians to save rather than spend.

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http://www.telegraph.co.uk/finance/economics/7912080/India-raises-interest-rates-more-than-expected-as-inflation-hots-up.html

India Inflation thread from yesterday

So it only has to increase now by 7.5% until it matches inflation.

A great way to encourage Indians to save rather than spend.

these Asians just dont get it

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Their inflation 11%

Rates 4.5%

Our Inflation (at lest 7%)

Rates 0.5%

At this point 1 billion in India see that owning a bit of GOLD might be a good idea...........being India they DEMAND Phyical stuff not paper!

Then 1.4 billion in China suss the same thing

Mike

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A great way to encourage Indians to save rather than spend.

this is mainly cost push inflation from over population and declining per capita agricultural output and water resources.

you can't do anything about that with interest rate policy!

what is needed is less people or more farms, preferably both.

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this is mainly cost push inflation from over population and declining per capita agricultural output and water resources.

you can't do anything about that with interest rate policy!

what is needed is less people or more farms, preferably both.

Is their room for more farms in India? Is there large amounts of land that could be used without ruining the natural habitat and wiping out animals? If there is the land is there the water for the farms?

The Indian population is certainly running out of control.

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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