Page 2 - Repo Rate

Forward guidance loses steam in downward cycle: RBI's Deputy Governor Patra

Patra said that under heightened uncertainty, discretion in forward guidance has increasingly gained legitimacy among major central banks

Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy

RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October

RBI keeps rate unchanged: What does this mean for borrowers, savers, and investors?

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Poll

Inflation held below the RBI's medium-term target of 4.0 for a second month in August

25 or 50: How much will the Fed cut rates to begin its policy easing cycle?

The FOMC meeting is widely expected to see policy rates reduced by 25 or 50 bps, but investors will also be looking at the Fed's commentary to determine the frequency and quantum of future rate cuts

China central bank rolls over maturing medium-term loans, injects cash

Monday's reverse repo operation was meant to "keep month-end banking system liquidity conditions reasonably ample," the central bank said in an online statement.

SBI raises MCLR by 10 basis points for all tenors; 3rd hike in 3 months

The latest increase in MCLR by SBI comes days after the RBI left the repo rate unchanged at 6.5 per cent

RBI MPC Meet: Repo rate unchanged at 6.5%, check GDP, CPI projections here

The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2

RBI's monetary policy committee keeps repo rate unchanged at 6.5%

Monetary policy stance retained at 'withdrawal of accommodation' to aid the MPC's focus on bringing inflation towards the target

Is India's economic growth really weak and could a repo rate cut boost it?

An external member of the MPC highlighted that India's economic growth is below potential, with weak consumption contributing to the slowdown

RBI's MPC minutes: External members make a strong case for rate cut

Internal members, however, cited food inflation risk for maintaining the status quo and said the last mile of disinflation has been slow

BoE keeps key interest rate at 16-year high of 5.25% despite inflation fall

The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25 per cent, even though inflation has fallen to its target of 2 per cent. In a statement, some policymakers on the bank's nine-member Monetary Policy Committee voiced worries that some underlying measures of inflation, such as in the services sector, remain elevated, which could be stoked further if interest rates are cut too soon. The decision, which was widely anticipated by economists, is likely to disappoint the governing Conservative Party ahead of the UK's general election in two weeks time. A cut would have been seized upon by Prime Minister Rishi Sunak as positive economic news.

US Fed leaves interest rates unchanged at 5.25%-5.5%; sees 1 cut this year

The rate-setting panel unanimously voted to hold the policy rate at the 23-year high mark

Pakistan cuts benchmark interest rate for first time in four years

The State Bank of Pakistan reduced the target rate by 150 basis points to 20.50 per cent, compared to a median estimate for a 100 basis point cut. Only two economists predicted the decision

RBI MPC: Repo rate unchanged at 6.5%, watch key highlights

MPC likely to maintain status quo for eighth time in a row: BS poll

Respondents cite moderate inflation data, outlook for food prices, high growth

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration

US Fed keeps key rates unchanged at 5.25%-5.5% for 6th straight meeting

Fed holds rates steady, flags 'lack of further progress' on inflation

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

RBI releases MPC schedule for FY25, first interest rates decision on Apr 5

The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee meetings for the new fiscal. The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The first two days of the meeting are devoted to deliberations and presentations by subject matter experts to the panel. The second bi-monthly policy review meeting will end on June 7, the statement said, adding that this will be followed by three-day meetings in August, October, December, and February. The six-member panel headed by the governor has three external members. It can be noted that Shaktikanta Das' term as the RBI Governor is set to end in December this year. The MPC has been consistent in holding on to the elevated interest rates and