There is a lot of action among leading central banks with the US Federal Reserve and European Central Bank, among others, deciding to cut interest rates. The Reserve Bank of India has now changed the stance, but not yet cut the policy repo rate. There is an expectation that the Indian central bank will start cutting interest rates from the December policy review - the last policy review meeting chaired by Governor Shaktikanta Das before his current term ends.
RBI shifts stance, hints at rate cut as Fed and ECB ease policies
The Reserve Bank of India has now changed the stance, but not yet cut the policy repo rate.
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 "The reconstituted six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is expected to maintain the “status quo” for the 10th consecutive policy review, said all the 10 respondents polled by Business Standard ahead of the pan")
 "The Cabinet on Wednesday decided to continue the supply of free fortified rice under the food law and other welfare schemes till 2028 with an outlay of Rs 17,082 crore, a move aimed at reducing anaemia and micro-nutrient deficiency. It also approved")
 "The proportion of rural households that reported outstanding debt has grown from 47.4 per cent in 2016-17 to 52.0 per cent in 2021-22, even as their average monthly income jumped 57.5 per cent in the same period, the latest All India Rural Financial")
 "The NITI Aayog has increased the asset monetisation target for 2024-25 (FY25) by Rs 23,000 crore to Rs 1.9 trillion, moving closer to the overall Rs 6 trillion target set under the National Monetisation Pipeline (NMP) for a four-year period.")
 "Shaktikanta Das, Shaktikanta, RBI Governor")
Topics : US Federal Reserve ECB rules
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First Published: Oct 10 2024 | 12:35 AM IST
