The Federal Reserve’s latest move to raise its policy rate, marking the 11th increase in 12 meetings, has sparked widespread discussion in economic circles. The overnight interest rate at 5.25%-5.50% now stands at its highest level in 22 years, prompting the European Central Bank to follow suit with its 9th consecutive rate hike, reaching levels … Read more
Since the last monetary policy of the Reserve Bank of India (RBI) in April, the benchmark Nifty50 has rallied 1,000 points and Nifty Bank over 3,000 points. The 3,000-point rally in the banking sector gauge saw it scaling a lifetime high of 44,498.60 points on May 30, days before the next policy meeting of the … Read more
RBI’s Monetary Policy Committee (MPC) hiked the benchmark policy rate (repo rate) by 35 bps to 6.25%. 5 out of 6 MPC members voted in favour of hiking the Repo rate by 35 bps while 1 member voted against the repo rate hike. The marginal standing facility (MSF) rate and the Standing Deposit Facility (SDF) … Read more
The positioning of foreign institutional investors (FIIs) in the Nifty50 and stocks clearly indicates their bearish undertone, and this sentiment could intensify if the Reserve Bank of India (RBI) on Friday dances to the tune of global central banks. The correction seen by domestic equities in seven consecutive sessions indicates that investors have factored in … Read more
The Reserve Bank of India is likely to deliver a fourth consecutive policy rate hike this week, with a half-percentage point increase, joining global central banks that are raising rates sharper than estimated to cushion inflation-battered consumers. According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy … Read more
Indian lenders have requested the Reserve Bank of India (RBI) not to further increase the cash reserve ratio (CRR) threshold in the upcoming monetary policy to ensure unhindered credit growth amid a visible reduction in surplus liquidity since early May, two people aware of the representations told ET. Indian Banks Association (IBA) made the requests … Read more
NEW DELHI: Central banks around the world sure have their work cut out. Just when monetary authorities were preparing the ground for a reversal of ultra-loose policies adopted in response to the coronavirus crisis, the virus, it seems, has taken new and potentially more dangerous avatars. From bracing for interest rates in major economies to … Read more
NEW DELHI: A common feature of the weeks before the last two monetary policy statements by the Reserve Bank of India is an increase in communication –both official and unofficial- by central bank officials including Governor Shaktikanta Das. There are exactly three weeks to give before the Monetary Policy Committee’s next statement on Dec 8 … Read more