RBI cuts key lending rate by 25 bps to 5.75% to boost growth – The Indian Wire
RBI Monetary Policy Committee Meet: The six-member monetary policy committee (MPC), headed by RBI Governor Shaktikanta Das, has decided to reduce key repo rate by 25 basis points to 5.75 per cent.
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RBI cuts repo rate by 25 basis points to 5.75 percent. the key lending rate by 25 basis points to infuse liquidity and push growth.. repo rate and bank lending rates are needed to boost.
‘RBI to cut rates 25 bps in Apr to signal lower lending rates’. According to global financial services major Bank of America merrill lynch (bofaml), inflation risks are "overdone" and though CPI inflation is likely to be 5.2 per cent in December 2017, it would cool down to around 4.5 per cent in the first half of 2018.
RBI may cut key policy rates by 25 bps in Aug: Report. As per Central Statistics Office (CSO) data, retail inflation measured in term of Consumer Price Index fell to a four-month low of 4.44 per cent in February on cheaper food articles and lower cost for fuel. Retail inflation was 5.07 per cent in January.
The Reserve Bank of India (RBI) on Thursday cut key short-term lending (repo) rate by 25 bps to 5.75 percent at its second bi-monthly monetary policy review of the ongoing fiscal. The Monetary Policy Committee (MPC) also changed the monetary policy stance to accommodative from neutral.
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The central bank cuts benchmark lending rate by 0.25 percent to 5.75 percent The Reserve Bank will go for an unconventional 0.35 percent cut in its key lending rate at the forthcoming review on Thursday as inflation is within its comfort range.
RBI’s first bi-monthly monetary policy of the year 2019-20 and the last before the upcoming elections is being presented today and the bank may cut key-lending rates lower by another 25 bps.
RBI cuts repo rate by 25 bps to 6.5%; raises reverse repo. RBI also retained its GDP growth forecast at 7.6 per cent, on the assumption of a normal monsoon and a boost to consumption through the implementation of the Seventh Pay panel recommendations. The central bank said it expects the implementation to hurt inflation by 1-1.5 per cent.
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Underscoring that out of the cumulative 50 bps cut in repo rate effected in February and April 2019, just 21 bps have flowed through to the lending rate on fresh rupee loans, Das expected that.
RBI cuts key lending rates by 25 basis points The reverse repo, the rate which banks get for parking funds with RBI, has been readjusted accordingly by similar percentage point to 5.75 per cent.