With all the new interest rates and interest rates being floated, it’s time to see what the Central Bank of India will do.
In addition to the interest rate hike, the RBI has also raised interest rates for the banks.
This was an unexpected move from the RBI but the central bank had decided to go ahead with it in the face of growing pressure from its own members.
The central bank has been pressing banks to keep rates low for a long time and it’s been doing so for the last 10 years.
With a rising cost of living and an ever increasing number of people working, the pressure on banks is increasing and the central banking policy has become less effective.
A lot of people are calling for the central banks to change their monetary policy.
This is what they are trying to do.
It’s also time to start thinking about the future.
This article originally appeared in Newsweek.com.
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