Oil Shock Risks Becoming ‘Nightmare’ for India’s Central Bank

  • Date: 07-Mar-2022
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

Oil Shock Risks Becoming ‘Nightmare’ for India’s Central Bank

(Bloomberg) -- The Ukraine war’s impact on global supply chains could force India’s central bank to raise its inflation forecast, but may leave little scope for it to tighten monetary policy amid a deteriorating global growth outlook, according to economists.

Most Read from Bloomberg

Ukraine Update: U.K. Premier Says More Pressure Needed on Putin