Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  December 18, 2012 10:30:51

India: RBI left rates unchanged


Reserve Bank of India today decided to leave key interest rates unchanged. Key repo rate remained at 8% and the cash reserve rate to 4.25%. Such a development expected the vast majority of the market.
According to the accompanying comments inflation in the country, although recently eased somewhat, but still not enough or sufficient weight so as to allow lower rates.

Indian Finance Minister earlier estimates decreased quite significantly to the country's GDP growth in the 12 months to March 2013 to 5.7 to 5.9% compared to previous estimates at the level of 7.85%. If the estimates confirmed, it will be the lowest GDP growth since 2003. In Q3 of this year GDP grew by 5.3%, which was the lowest in the last three years.
RBI at the end of October that it expects GDP growth of 5.8% compared to previous estimates at 6.5%. The outlook for inflation has increased from 7 to 7.5%. India's inflation remains the highest in the BRIC.
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Indie: RBI ponechala sazby beze změn

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