Latest News on Interest Rate Cut
Showing of 0 - 10 from 20 results
Interest Rate Cut - Total results - 20
May 29, 2019
Analysts believe Reserve Bank of India will cut rates in June, but split on if it should: PollThe Reserve Bank of India delivered rate cuts at its previous two meetings, in February and April.
Apr 18, 2019
Weakening domestic growth impulses prompted RBI governor Shaktikanta Das to go for rate cut: Minutes of MPC meetOn 4 April, the RBI had reduced the repo rate, or the rate at which it lend to banks, by 25 basis points to 6 percent — the lowest level in one year — on softening inflation.
Apr 02, 2019
Reserve Bank of India to cut rates for second consecutive time ahead of elections, say economists in pollAfter Shaktikanta Das was appointed as the new RBI governor, lending rates were lowered and the policy stance shifted at his first meeting in February
Feb 21, 2019
Weakening growth momentum, softening prices led to rate cut; loans to MSMEs shrink: RBIAt the 7 February bi-monthly monetary policy review, the MPC in a 4:2 vote, surprised markets with a 25 bps repo rate cut to 6.25 percent and also revised downwards its inflation outlook for next fiscal year.
Feb 05, 2019
RBI may change monetary policy stance; likely to move closer to rate cut in April as inflation stays below central bank’s targetWhile two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 percent, most respondents predicted the MPC would shift its stance to neutral, according to a Reuters poll.
Jan 24, 2019
RBI making a U-turn, to shift stance to neutral in February; interest rates likely to be cut in June: PollOver two-thirds of the 65 economists polled between 21-23 January said the RBI would hold its repo rate at 6.50 percent at its next policy review on 7 February.
Dec 05, 2017
Ahead of RBI policy, Surjit Bhalla wants MPC to cut rate by 200 bps, says central bank shouldn't be carried away by 6.3% GDPThe RBI MPC’s reluctance to cut rate means that no businesses can survive as the cost of working capital is high and no entrepreneur will be willing to hire new people, Surjit Bhalla said.
Aug 24, 2017
Bank of India slashes interest by 0.5% to 3.5% for deposits up to Rs 50 lakhBank of India said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 percent while those maintaining above Rs 50 lakh will continue to earn an interest of 4 percent per annum.
Aug 02, 2017
RBI cuts repo rate by 25 bps: Industry gets what it wanted but households stand to lose againLower returns on deposits has already been triggered by State Bank of India (SBI) on savings deposits and this is a big blow considering that so far banks have been lowering term deposit rates but kept the savings rate unchanged.
Jun 09, 2017
Retail inflation seen falling to a new record low of 2.6% in May: Reuters pollWholesale price inflation is expected to have slowed last month to 3.11 percent from 3.85 percent in April