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Gap widens between US, India on interest rate hikes since pandemic low

US has hiked rates by 75 basis points on Wednesday to help keep inflation in check

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The analysis used data on interest rates and inflation numbers collated from the central banks of major economies

Sachin P Mampatta Mumbai
The United States central bank's 75 basis point interest rate hike on Wednesday marks a significantly higher uptick in lending rates from pandemic lows than seen in many other countries.

The American central bank's latest rate hike marks a cumulative 3 per cent (or 300 basis points) increase from its pandemic low. This is a higher cumulative increase than has been seen in the United Kingdom, the Eurozone and South Korea among others; including India. 

India has seen a 140 basis point increase. Brazil has seen an 1,175 percentage point increase in its benchmark interest rate. It has been 325 basis points

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First Published: Sep 22 2022 | 12:00 AM IST

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