Emerging Asia Economics

Emerging Asia Economics Update
24 October, 2008

India’s central bank pauses for breath, cuts to resume shortly

Today’s decision by the Reserve Bank of India (RBI) to leave policy rates on hold was widely expected
after recent actions proved successful in calming India’s money markets. Nonetheless, with inflation
pressures easing, equity markets plummeting and the outlook for economic growth continuing to
deteriorate, we expect rate cuts to resume shortly....

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