The Reserve Bank of India (RBI) has reduced the key policy rate or the repo rate by 25 Basis Points (bps) to 6% in its third monetary policy review on Wednesday, as retail inflation softened. This is the second rate cut by the Monetary Policy Committee (MPC) since its inception in[Read More…]
Tag: Interest Rates
Rajan’s new warning: Low interest rates could distort markets
Former RBI Governor Raghuram Rajan, whose tenure at the Reserve Bank of India ended this month, warned that low interest rates globally could distort markets and would be difficult to abandon. The new warning came from the central banker at a time when the world’s central banks appear to be[Read More…]