MUMBAI, 16 JUNE, 2022 (GPN): Quote from Mr. Murali Ramakrishnan, MD &CEO, South Indian Bank on US Federal Rate Hike

“Inflationary concerns have raged even the mightiest of economies, including the US. Yesterday’s decision by the US Fed to raise the policy rates puts the recent repo rate hikes by RBI in proper perspective. The upward rate revisions by two of the world’s biggest central banks — the Fed & the RBI, would trigger the appropriate market movements across the world. We are confident that these measures would yield the desired results and allay the global inflationary concerns.”