Synchronised rate hikes can spark recession: Shaktikanta Das

https://ift.tt/P5bJ0uh The governor’s statement comes at a time when the UK chancellor Jeremy Hunt has acknowledged that the country is in recession. In the US, corporates are on a massive layoff drive as fears of recession loom. The European Central Bank also said that a recession in the 19 countries that use the euro has become more likely.

https://ift.tt/XCtnPSs from Times of India https://ift.tt/P5bJ0uh