The UK central bank's decision contrasted with the US Fed's admission last night that reductions were on the agenda, reiterating that BOE policy will be "sufficiently restrictive" for long
With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any significant downtrend in the retail inflation for the next few months.
The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram
Rise attributed to surge in vegetable, oil prices