The Bank of England kept its key interest rates on hold Thursday
Rise in interest rates could hit corporate earnings, hinder economic recovery
The committee is likely to hold interest rates steady and continue with an accommodative policy stance
Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy's stance, but that won't happen - now or even in April
The reason why short-term rates have spiked is liquidity normalisation
The share of floating-rate bonds has fallen to low-single digits
The rates have not been changed since September 1, 2020; status quo to help Centre raise additional resources, says Icra economist
Under this mechanism, the government issues recapitalisation bonds to a public sector bank which needs capital. The said bank subscribe to the paper against which the government receives the money
These issues weren't discussed in such details in policy statement, or in post-policy press conference, even when the members seemingly unanimously voted to keep policy rate unchanged at 4%
The MPC left key interest rates unchanged this month
Ultra-low rates run the risk of enticing firms to borrow too much, they say
Higher inflation tolerance will increase risks
Supreme Court will continue to hear the matter today
Khara's comment comes only days before the monetary policy committee of the Reserve Bank of India (RBI), the country's central bank, is due to meet between Dec. 2 and Dec. 4
Some banks are even giving 10-15-year term loans at below bond market rates. There is no avenue to deploy the excess liquidity otherwise
It's time the RBI allowed the rupee to appreciate, says an SBI Research report
Here's a selection of Business Standard opinion pieces for the day
Defaulting on card dues could restrict access to credit in future
The quantum of benefit for borrowers, however, will not be very large
Here's a selection of Business Standard opinion pieces for the day