Treasury Secretary Scott Bessent also said he thought an aggressive half-point cut was possible given recent weak employment numbers
The Monetary Policy Committee is widely expected to reduce its benchmark rate by 25 basis points, to 4 per cent, sticking to its once-a-quarter pace of cutting
Posting on his Truth Social platform, Trump called Powell "stubborn." The Fed chair has been subjected to vicious verbal attacks by the Republican president over several months
RBI report says PSBs reduced lending and deposit rates more than private banks in response to 100-bps repo rate cut; economy stays resilient amid global uncertainty
The MPC's June 2025 decision to cut the repo rate by 50 basis points - more than expected - surprised markets
Powell and other Fed officials said they expected price increases to quicken this summer
Credit rating agency Fitch Ratings says ₹5.6 trillion liquidity infusions and cash reserve ratio cut will support loan growth, though banks may see short-term pressure on margins
Trump said he was not considering extending the July 9 deadline for countries to negotiate trade deals with the United States
RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored
Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high
Ram Singh said lower inflation print than the forecast will strengthen the case for a rate cut
S Mahendra Dev discusses a wide-range of issues, including the impact of artificial intelligence (AI) on jobs, demand trends, and increasing the share of manufacturing in the economy
Tax relief in Budget, multi-year low inflation, and rural recovery are other tailwinds
PFC shelves bond issue for the second time in weeks as investors demand higher yields, citing losses on REC's earlier ZCB issue and shifting bond market dynamics
The recent moves by the monetary policy committee, of cutting rates, are in the right direction, and should be seen in the larger context of macro policy
Indian Rupee today: The domestic currency appreciated 16 paise to end at 85.64 against the greenback, after closing at 85.80 on Thursday
With inflation expected to rise back to above 4 per cent by Q4-FY26, the Monetary Policy Committee has capitalised upon the available headroom to frontload rate action
To give context to the significant turnaround in liquidity conditions, the RBI has purchased government bonds worth ₹5.23 trillion spread-over December 2024-end to May 2025
The Reserve Bank is likely to go for a third consecutive rate cut of 25 basis points on Friday as inflation continues to remain below the median target of 4 per cent, to push growth amid continued global uncertainty triggered by the US tariff moves. Reserve Bank's rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 (Friday). The RBI reduced the key interest rate (repo) by 25 bps each in February and April bringing it to 6 per cent. Six-member MPC headed by RBI Governor Sanjay Malhotra also decided to change the stance from neutral to accommodative in its April policy. In response to the 50-bps cut in the policy repo rate since February 2025, most of the banks have reduced their repo-linked external benchmark based lending rates (EBLRs) and marginal cost of funds-based lending rate (MCLR). "We do believe that given the rather benign inflation conditions and the liquidity ...
Lower inflation rates are expected to trigger more rate cuts from the central bank, which will be passed on to consumers in the form of lower interest rates