India's central bank may leave rates unchanged
Monday, 30 July 2007
NEW DELHI, July 29 (AFP): India's central bank is expected to leave interest rates on hold this week as fears that the country's fast- growing economy is overheating begin to recede, analysts say.
The bank's aggressive monetary tightening has slowed credit and industrial growth and reduced inflation, they said, suggesting that the rate-hiking cycle that started in late 2004 could be ending.
The bank's aggressive monetary tightening has slowed credit and industrial growth and reduced inflation, they said, suggesting that the rate-hiking cycle that started in late 2004 could be ending.