Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
Sat, Oct 19, 2019 | Last Updated 5:00 am IST

Menu &Sections

Search

RBI to cut Interest rates again in August

RBI to cut Interest rates again in August
RBI to cut Interest rates again in August
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Reportedly the Reserve Bank of india (RBI) is set to cut interest rates in August for the fourth meeting in a row, according to a Reuters poll of economists, a majority of whom said risks to their already modest growth forecasts were skewed more to the downside.

RBI to cut Interest rates again in August

If the RBI does cut rates next month, it will be the most aggressive among dovish central banks in Asia. The last time the RBI delivered so many back to back cuts was after the global financial crisis over a decade ago, when most major central banks went on a cutting spree to revive economic growth. Almost 80 per cent of 66 economists in the July 17-24 poll expected the RBI to cut its benchmark repo rate by 25 basis points to 5.50 per cent at the August 7 meeting. Three respondents predicted a 50 basis points cut and the remaining 10 forecast policy on hold.



"It is baked in the cake. They are going to cut rates in August and again later, mainly due to low growth and weak inflation," said Gareth Leather, senior Asia economist at Capital Economics.

                            


RBI to cut Interest rates again in August
5/ 5 - (1 votes)
Add To Favourite
More from author
Sachin Tendulkar welcomed ICC's decision to stop boundary count in World Cup
Why didn't RTC Management or Telangana Govt call RTC Employees for talks?
Muslim parties accused SC appointed mediation panel of leaking proceedings in Ayodhya Case
This 17 year old Cricketer made history by scoring Double century
BJP confident in winning Maharashtra Assembly Elections with full majority
BJP made scrapping of Article 370 its main talking point in assembly elections in Haryana & Maharashtra
World Champion PV Sindhu struggled to buck the trend of Denmark Open in second round
PMC Bank came under RBI scanner
Kerala Cops searches Jolly's friend seen in many photos
Northeast Monsoon intensified in Tamilnadu
Will AP Secretaries stop Fake News?
Telangana's new Liquor Policy received 41,000 applications
Sourav Ganguly hopes to bring the BCCI system 'back in order'
AIADMK announced candidates for Assembly by-polls
Mira Erda a talented racer
Nirav Modi remanded to Prison until November 11
Researchers invented a new technique in genomics to track down causes of rare genetic diseases
Kamala Harris asked Twitter to suspend Trump's account for attacking lawmakers
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional