The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening. #C Rangarajan#ExpertView#Rate Hikes#RBI policy
Even if the RBI were to cut the repo rate, it remains up to the banks whether they are in a position to pass on the rate cut to their consumers. The loan to deposit ratio of Indian banks as on December 27, 2013, stood at 75.2%. This means that banks have given out loans worth Rs 75 for every Rs 100 they had raised as deposits. #Inflation#RBI#TheLongView#Rate hike#WPI#Raghuram Rajan#CPI
?Wholesale prices, India's benchmark inflation, edged down to 6.16 percent from a 14-month high of 7.52 percent in November due to a 30 percent dip in vegetable price index.
#Inflation#RBI#Rate hike#WPI#Food price
Resisting pressure to more quickly tighten monetary policy, Federal Reserve Chairwoman Janet L. Yellen said Friday there was no "simple recipe" for central bank policymakers in deciding when the labor market had improved enough to handle a rise in in... #Federal Reserve#Janet L Yellen
Members of the Federal Reserve’s policy-setting board honed their strategy for eventually hiking interest rates and reducing the central bank’s massive balance sheet at the late-July meeting, minutes show... #Federal Reserve#Janet L Yellen