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NEW DELHI, April 8 (Xinhua) -- India's central banking institution, the Reserve Bank of India (RBI), on Wednesday announced it has kept the repo rate unchanged at 5.25 percent. Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. "Consequently, the standing deposit facility (SDF) rate remains at 5.00 percent and the marginal standing facility (MSF) rate and the bank rate remains at 5.50 percent," an RBI statement reads. Meanwhil ...Read More >
Consequently, the standing deposit facility (SDF) rate remains at 5 per cent and the marginal standing facility (MSF) rate and the bank rate remain at 5.5 per cent. The committee, which held its 60th meeting from April 6 to 8 under the chairmanship of RBI governor Sanjay Malhotra, also decided to continue with the neutral stance, the monetary policy statement released after the meeting said. Elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait o ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Announcing the decision, RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) unanimously voted to maintain the policy repo rate under the liquidity adjustment facility at 5.25 per cent. Also Read | Why I ...Read More >
New Delhi [India], April 8 (ANI): Real GDP growth for the current year is projected at 6.9 per cent, the Governor of Reserve Bank of India, Sanjay Malhotra, said on Wednesday. The Governor projected that the growth trajectory for the year showed a steady pattern across all four quarters. The central bank estimated first-quarter growth at 6.8 per cent, followed by 6.7 per cent in the second quarter. Projections for the third and fourth quarters stood at 7 per cent and 7.2 per cent, respectively. ...Read More >
NEW DELHI, Oct. 1 (Xinhua) -- India's central banking institution, Reserve Bank of India, on Wednesday announced it has kept the repo rate unchanged at 5.5 percent. Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. "After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the Monetary Policy Committee voted unanimously to keep the policy repo rate under the liquidity adjustment faci ...Read More >
The Bank of England will keep its key policy rate on hold on September 18 as inflation is creeping up, but it will cut once next quarter and again early next year, according to a majority of economists in a Reuters poll. However, a growing minority of economists say the central bank is done with cutting this year. After peaking at more than 11% nearly three years ago, inflation briefly returned to the central bank's 2% target last year but has since risen to nearly double that. With cost-of-li ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): Announcing the monetary policy on Friday from Mumbai, Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the MPC has decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. He said, "The reduction recommended by the MPC is for 50 basis points to 5.5 per cent. This is with an immediate effect." Also Read | Amazon Layoffs Continue: US-Based E-Commerce Giant Cuts More Jobs From ...Read More >
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