India’s RBI Governor Says Premature to Discuss Rate Hike

Central Banks India’s RBI Governor Says Premature to Discuss Rate Hike India’s central bank Governor Sanjay Malhotra said it’s still “premature” to talk about an interest rate hike given ongoing geopolitical uncertainties, noting future decisions will be guided by incoming data. “If it was so certain that we are going to hike in the coming months, then we would have changed the stance from neutral to restrictive, right? We did not do that,” Malhotra said in an interview with television channel ET Now on Wednesday. “We did not do that precisely because there is elevated uncertainty”