69339
RBI Likely to Cut Rate
World Economy

RBI Likely to Cut Rate

With retail inflation receding to record low levels, the Reserve Bank of India is likely to cut the benchmark lending rate by at least 0.25% in its third bi-monthly monetary policy review on Wednesday, say experts and bankers, PTI reported. Encouraged by significant price improvement, bankers expect RBI, which has kept rates on hold at 6.25% for the fourth straight time citing risk to inflation, to change its monetary stance and may even go for an aggressive rate cut. “The expectation is of rate cut of a minimum 25 basis points as inflation has eased and also as industrial growth continues to remain weak,” Bank of Maharashtra Managing Director R. P. Marathe said.

 

Short URL : https://goo.gl/DkTtUu
  1. https://goo.gl/KNpa8o
  • https://goo.gl/hJHMy9
  • https://goo.gl/Lfu862
  • https://goo.gl/gihcui
  • https://goo.gl/vvDqg8

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus