India cuts policy rate for the first time in nearly five years, new central bank governor Malhotra says
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.
The rate cut could be the beginning of a low-interest cycle and is expected to ease the burden on loan borrowers, as banks ...
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery ...
Recently, the Reserve Bank of India has cut the repo rate to 6.50 per cent after leaving it unchanged for 11 consecutive ...
Daily Independent on MSN1d
Bank Of England Cuts Key Interest Rate As Pound Drops And Stocks RallyThe Bank of England (BoE) lowered its key interest rate by 25 basis points to 4.5% on Thursday, marking the third cut since the easing cycle began in August last year. The widely expected move ...
India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services.
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