Synchronised rate hikes can spark recession: Shaktikanta Das

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.

from Times of India https://ift.tt/As1rJgQ