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The US Fed, ECB, BoE raised rates even as the global banking system reels under losses, credit squeeze, and growth concerns. In tow, the RBI's MPC is likely to lift rates by 25 bps this week in the face of global uncertainty and stubborn headline inflation ....
New data and fresh risks posed by the Omicron variant of the covid virus, however, may have forced the Fed to reconsider its earlier position. An accelerated drawdown of its ‘quantitative easing’ might be followed by an actual hike of its policy interest rate ....
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