India unexpectedly hikes rates a quarter point

India's hikes interest rates to curb inflation
India's central bank Friday raised its key interest rate by a quarter percentage point to battle persistent inflation.

India cuts growth forecast, keeps rates unchanged
India's central bank said growth will slow to 7 percent this fiscal year, but left interest rates unchanged Tuesday as it struggles to balance a toxic mix of high inflation and a flagging...

China top banker says fighting inflation priority
China's central bank chief said Monday that policies aimed at dousing inflation will be kept in place and urged European nations to act to resolve the region's protracted debt crisis.

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