Tag: interest rates

India to name new MPC members soon, dissenters from Shaktikanta Das' rate policy team to leave before crucial meet
Posted in Economy

India to name new MPC members soon, dissenters from Shaktikanta Das’ rate policy team to leave before crucial meet

India’s government will appoint new external members to the central bank’s monetary policy committee by October at the latest, people familiar with the matter said,…

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The US Treasury Department in Washington, DC, US.(Bloomberg)
Posted in Business

US Federal Reserve policymakers flag rate cuts as job market cools

Two Federal Reserve officials said they believe it’s appropriate for the US central bank to begin lowering interest rates soon, and that the pace of…

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Posted in Economy

P2P platforms taking on the lender role led RBI to read the riot act

MUMBAI: The Reserve Bank of India’s (RBI) tightening of norms for P2P lenders comes after several of them were found to be having hundreds of…

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An electronic ticker displays stock figures in Shanghai, China.(Bloomberg)
Posted in Business

Global stocks set for longest win streak of 2024. Major reasons why

European and US futures rose alongside Asian stocks, following a buoyant session on Wall Street amid bets the Federal Reserve will soon signal it’s ready…

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All types of loans, including home loans can potentially get costlier since the MCLR has now been hiked. (Pradeep Gaur/Mint)
Posted in Business

Will home loans get costlier? SBI hikes lending rates by 10 bps: Check current home loan interest rates

Aug 15, 2024 05:54 PM IST Home loans can potentially get costlier since SBI’s three-year tenor MCLR is now 9.10%, from 9% earlier and overnight…

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Union Finance Minister Nirmala Sitharaman addresses the Central Board of Directors of the Reserve Bank of India in the customary post-Budget meeting, in New Delhi on Saturday. RBI Governor Shaktikanta Das also seen. (Shrikant Singh/ANI)
Posted in Business

Banks should focus on increasing deposits as public increasingly shifts to alternate investments: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Saturday exhorted banks to focus on their core business and explore new ways to attract deposits, as household savings are…

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Interest rates on deposits, lending are deregulated; banks free to decide rates: RBI Guv Shaktikanta Das - The Economic Times Video
Posted in Economy

Interest rates on deposits, lending are deregulated; banks free to decide rates: RBI Guv Shaktikanta Das – The Economic Times Video

On August 10, FM Nirmala Sitharaman participated in a meeting with the members of the Central Board of Directors of RBI in New Delhi. RBI…

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Posted in Economy

GDP growth: RBI sticks to game plan, keeps rates, stance unchanged

The Reserve Bank of India (RBI) Thursday expectedly kept interest rates and its monetary stance unchanged while making financial stability its evident policy priority, warning…

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RBI leaves interest rates, stance unchanged for ninth straight time
Posted in Economy

RBI leaves interest rates, stance unchanged for ninth straight time

The Reserve Bank of India (RBI) Thursday kept interest rates and its stance of monetary policy unchanged for the ninth straight review meeting amid persistent…

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US recession: Shoppers in the Georgetown neighborhood of Washington, DC.(Bloomberg)
Posted in Business

Will there be a recession in US? JPMorgan says 35% possibility by end of 2024

Aug 08, 2024 08:22 AM IST US recession: JPMorgan now sees just a 30% chance of the Federal Reserve keeping interest rates “high-for-long”. JPMorgan Chase…

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