Central bankers all across Asia are raising interest rates, including the Reserve Bank of India increased its
key rate to 8.5% last week.
The reason is simple — inflation is taking off. The most recent inflation numbers showed inflation rising at the fastest pace in 13 years to 11.4% in India.
- India Central Bank raises rates At least one country is serious about fighting inflation. The Indian Central Bank raised interest rates for the second time...
- China inflation drops The Chinese rate of inflation dropped to 4.9% in August, the fourth consecutive month ofslowing inflation. China’s inflation ratehas steadily...
- China inflation slows The Chinese rate of inflation dropped to 4.9% in August, the fourth consecutive month ofslowing inflation. China’s inflation ratehas steadily...
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