South Korea raised rates 25 basis points to 2.75% on July 16, its first hike since 2023. Brazil, India, Indonesia, and Mexico held or cut instead, breaking two years of synchronized emerging-market policy moves.
RBI Governor Sanjay Malhotra told the August 5 press conference that risks to growth remain evenly balanced after the MPC unanimously held the repo rate at 5.25 percent. Source
