monetary policy news

Updated on Apr 09, 2025 12:49 PM IST

RBI cuts India's GDP forecast to 6.5%, inflation to 4% amid global uncertainties

The Reserve Bank of India (RBI) has cut its estimates on both India's Gross Domestic Product (GDP) and inflation, measured by the Consumer Price Index (CPI).

Updated on Apr 09, 2025 11:46 AM IST

The ‘higher-than-expected’ tariffs mean that RBI rate cut likely a ‘done deal’: Barclays

The higher-than-expected tariffs reinforce our view of three more rate cuts from the RBI, to a terminal rate of 5.50%, British multinational bank Barclays said in a report

The British multinational bank Barclays warns of downside risks for the INR, as the RBI may allow some depreciation following recent appreciation ahead of tariff announcements (Bloomberg)

Published on Apr 03, 2025 03:00 PM IST

BySreedev Krishnakumar

Bank of Japan holds rates and warns of trade uncertainty

Published on Mar 19, 2025 01:52 PM IST

AFP |

Japan must fix 'misunderstanding' it is manipulating yen, says ex-BOJ chief Kuroda

USA-TRUMP/CURRENCY-JAPAN (PIX):Japan must fix 'misunderstanding' it is manipulating yen, says ex-BOJ chief Kuroda

Updated on Mar 08, 2025 12:15 PM IST

Reuters |

RBI MPC cuts repo rate. What does it mean for your home, car loan EMIs?

RBI governor Sanjay Malhotra announced a 25 basis points cut in the benchmark repo rate to 6.25%, the first reduction in five years.

Published on Feb 07, 2025 12:22 PM IST

RBI MPC cuts repo rate by 25 basis points to 6.25% to boost economy: Governor

RBI Governor Sanjay Malhotra has announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%

New Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday, February 7, announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%.(Bloomberg)

Updated on Feb 07, 2025 11:43 AM IST

Sensex, Nifty 50 on RBI MPC day: Market opens in red as media, energy, FMCG fall

Sensex, Nifty 50 on RBI MPC announcement day: The stock market went into the red upon open as trading began on Friday, February 7, 2025

Sensex, Nifty 50 on RBI MPC announcement day: People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)

Published on Feb 07, 2025 09:50 AM IST

RBI starts interest rate deliberations amid expectations of 25-bps cut

The RBI had last reduced the repo rate by 40 basis points to 4 per cent in May 2020 to help the economy tide over the Covid pandemic and subsequent lockdown.

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai.(Reuters)

Published on Feb 05, 2025 04:04 PM IST

PTI |

US Fed meeting: Under pressure from Trump, will Powell hold interest rates?

The US Federal Reserve will announce its first monetary policy decision of 2025, expected to keep interest rates at 4.50%.

FILE PHOTO: US President Donald Trump looks on as Jerome Powell, his then-nominee to lead the US Federal Reserve, speaks at the White House in Washington DC in November 2017.(REUTERS)

Updated on Jan 29, 2025 10:41 PM IST

GDP growth to hit 4-yr-low of 6.4% in FY25: Govt estimate

India's GDP is projected to grow 6.4% in 2024-25, down from 8.2% in 2023-24, due to reduced investment, impacting fiscal and monetary policies ahead.

The National Statistical Office (NSO) released the first advanced estimates of GDP for the fiscal year 2024-25 on Tuesday projecting a GDP growth of 6.4%. (Bloomberg)

Updated on Jan 08, 2025 06:22 AM IST

ByRoshan Kishore

What a censored speech says about China’s economy

If growth is on target, why is inflation so low?

A boy poses with a Chinese national flag in front of Tiananmen Square in Beijing.. (Reuters)

Published on Dec 24, 2024 08:00 AM IST

The Economist

Sanjay Malhotra to command last leg of RBI’s war on inflation

Malhotra becomes the latest finance ministry official to steer RBI, after outgoing governor Das, as well as previous governors D. Subbarao, Y.V. Reddy and Bimal Jalan

Published on Dec 10, 2024 03:14 PM IST

ByRajeev Jayaswal, Gireesh Chandra Prasad, Shayan Ghosh

Donald Trump says he has no plans to replace Jerome Powell as Fed Chair

Donald Trump said he has no plans to replace Fed Chair Jerome Powell once he returns to the White House, saying “I don’t see it.”

Trump has previously said he should have a say in monetary policy and the setting of interest rates. (Getty Images via AFP)

Published on Dec 08, 2024 08:54 PM IST

Bloomberg |

Why RBI cut CRR to 4% and reduced GDP growth forecast to 6.6%

The CRR cut would release about ₹ 1.16 lakh crore of liquidity to the banking system, despite the repo rate being kept unchanged at 6.5% for the 11th time.

Shaktikanta Das, governor of the Reserve Bank of India (RBI)(Bloomberg)

Published on Dec 06, 2024 01:23 PM IST

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points

The repo rate was left unchanged at 6.5% for the 11th consecutive time.

Previously, the repo rate was changed in February 2023, when it was raised to the current 6.5% (Representational Image)

Published on Dec 06, 2024 12:23 PM IST

ByHT News Desk, New Delhi

RBI keeps repo rate at 6.5% for 11th time in a row

The repo rate last saw a change in February 2023, when it was raised to the current 6.5%.

RBI Governor Shaktikanta Das addressing media on Friday (ANI)

Published on Dec 06, 2024 10:10 AM IST

Fed and Peers will go ahead with rate cuts after this week’s US election

The Federal Reserve and many rich-world peers are widely expected to lower interest rates again in the coming week, right after a US presidential election.

Fed officials try to steer clear of politics, yet they kicked off a rate-cutting cycle heading into the final stretch of an election whose outcome may hinge on how voters feel about the economy.

Updated on Nov 03, 2024 04:12 PM IST

Bloomberg | | Posted by Shweta Kukreti

Rate cut with 7% of growth never happened in India or globally: SBI

The Reserve Bank of India (RBI) has projected India's real GDP growth for FY25 at 7.2 per cent, post Monetary Policy Committee (MPC) meeting.

The report raises the intriguing possibility that the RBI might be laying the groundwork for a rate cut, despite the strong momentum in economic growth.

Published on Oct 10, 2024 10:50 AM IST

ANI |

RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5%

RBI forecasts India's FY25 GDP growth at 7.2%, with CPI inflation moderating to 4.5%.

Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement.(PTI)

Published on Oct 09, 2024 11:16 AM IST

ANI |

Message in the Fed Reserve rate cut

The Fed cut interest rates by 0.5%, signaling focus on the labor market over inflation, with projections for further easing by 2026, impacting global economies.

FILE PHOTO: Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner/File Photo (REUTERS)

editorials

Published on Sep 19, 2024 08:46 PM IST

ByHT Editorial

ECB Should Maintain Gradual Approach to Rate Cuts, Lane Says

The European Central Bank should stick with its cautious stance on lowering interest rates, Chief Economist Philip Lane said — further strengthening expectations for the next cut to come in December rather than October.

Published on Sep 16, 2024 06:22 PM IST

Bloomberg |

Strangely, America’s companies will soon face higher interest rates

Even though the Federal Reserve is about to loosen monetary policy

FILE PHOTO: A jogger runs past the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo(REUTERS)

Published on Sep 16, 2024 08:00 AM IST

The Economist

When will RBI cut rates? Shaktikanta Das' ‘staying the course’ response

RBI governor Shaktikanta Das emphasizes the need for steady policy amid softening inflation, targeting a rate of 4%.

Reserve Bank of India (RBI) governor Shaktikanta Das stresses the importance of maintaining policy consistency despite slight inflation dips, stating India's growth potential exceeds 7.5%. He warns against premature interest rate cuts due to ongoing inflation risks and advises global monetary prudence.(PTI)

Updated on Sep 13, 2024 08:51 AM IST

ByHT News Desk | Edited by Mallika Soni

India’s Q1 GDP growth below estimates at 6.7%

India's economy grew 6.7% in Q1 2024, slower than the 7.8% in Q4 2023. Strong investments and private consumption show resilience despite slower growth.

The latest GDP print suggests a significant loss of momentum in the Indian economy and could now soften the hawkish tone of a divided monetary policy committee (MPC) of the Reserve Bank of India (RBI). (Bloomberg)

Updated on Aug 31, 2024 07:16 AM IST

ByRoshan Kishore, New Delhi

India's central bank holds rates again despite global market volatility

INDIA-ECONOMY/RATES (CORRECTED, UPDATE 3, PIX):CORRECTED-UPDATE 3-India's central bank holds rates again despite global market volatility

Published on Aug 08, 2024 12:09 PM IST

Reuters |

Sensex, Nifty fall post RBI monetary policy decision: Top gainers and losers

Stock market today: Continuous foreign fund outflows and weak trends in the US markets drove domestic equities lower.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)

Published on Aug 08, 2024 11:42 AM IST

RBI MPC June 2024 today: From repo rate to inflation, key things to watch

RBI MPC June 2024 today: RBI is expected to keep its key repo rate unchanged at 6.5 per cent while continuing its stance of ‘withdrawal of accommodation’.

Published on Jun 07, 2024 07:28 AM IST

ByMallika Soni

Turkey cenbank lifts inflation forecast, pledges to keep it contained

TURKEY-CENBANK/INFLATION (UPDATE 2):UPDATE 2-Turkey cenbank lifts inflation forecast, pledges to keep it contained

Updated on May 09, 2024 02:45 PM IST

Reuters |

Turkey Is in ‘Whatever It Takes’ Mode But Rate Hike Now Unlikely

Turkey’s central bank probably won more time before having to consider another increase in interest rates, a month after surprising markets with a big hike and delivering additional tightening since then.