The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, as widely expected, and shifted its monetary policy stance to neutral. The Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to keep the policy repo rate unchanged at 6.50 percent.MPC member Nagesh Kumar voted to reduce the policy repo rate by 25 basis points. The repo has been a...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.