The RBI will also follow the policy normalization process in the near future
- Central banks in South Korea, the United Kingdom, South Africa and the US raise interest rates after the epidemic Global central banks have raised interest rates from low levels during the epidemic period. Russia has also had to raise interest rates amid geopolitical tensions. It now has an interest rate of 20 per cent, which is 17.5 per cent higher than the epidemic. The central banks of many countries are taking such action. In Brazil, interest rates are now at 11.5 per cent and are now 2.8 per cent higher than their lowest level during the worst of the epidemic. The central banks had earlier cut interest rates in the early stages of the Covid-12 crisis to support the economy. Now it is being decided to increase the rates to normalize the rates as well as to control inflation. Other countries where central banks have raised interest rates include South Korea, the United Kingdom, South Africa and the US. The main interest rates for these regions vary from 0.5 per cent (Euro are