Interest Rate Cut
Recent Highlights
All Stories for Interest Rate Cut
Coronavirus outbreak: World Bank announces up to $12 billion in immediate funds for countries grappling with health, economic fallout
•The coronavirus outbreak that has spread quickly from China to some 80 countries
Fed rate cut helps fuel day of swings in stocks and assets, then spooks coronavirus-weary investors
•The Fed’s move was the first unscheduled rate cut since October 2008, when the central bank reacted to a contraction in the economy that had begun the previous year
Fed seen cutting rates amid virus threat, low inflation to cushion economy from effects of coronavirus
•Unlike many other central banks, the Fed still has some room to cut interest rates, although officials there have said that they want to see a “material change” in the economic data before they take further action after cutting rates three times last year.
RBI rate committee torn between growth concerns, inflation fears; says timing of any cuts would be critical
•The MPC kept rates on hold as expected on 6 February while also retaining its accommodative monetary policy stance as long as it was necessary to revive growth
RBI policy: Inflation concerns seem to have taken front-seat again, expect more rate cuts next year, say experts
Fp Staff •RBI’s decision to not lower interest rate has come as a surprise and a bit of a disappointment
Rupee slips 11 paise against dollar in early trade as investors remain cautious ahead of Fed's interest rate decision
•A positive opening in domestic equity market and easing crude oil prices supported the rupee and restricted the fall, forex dealers said.
Analysts believe Reserve Bank of India will cut rates in June, but split on if it should: Poll
•The Reserve Bank of India delivered rate cuts at its previous two meetings, in February and April.
Weakening domestic growth impulses prompted RBI governor Shaktikanta Das to go for rate cut: Minutes of MPC meet
•On 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.
Reserve Bank of India to cut rates for second consecutive time ahead of elections, say economists in poll
•After Shaktikanta Das was appointed as the new RBI governor, lending rates were lowered and the policy stance shifted at his first meeting in February
Weakening growth momentum, softening prices led to rate cut; loans to MSMEs shrink: RBI
•At 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.