Page 6 - Repo Rate

RBI's MPC minutes: External members make a strong case for rate cut

Internal members, however, cited food inflation risk for maintaining the status quo and said the last mile of disinflation has been slow

BoE keeps key interest rate at 16-year high of 5.25% despite inflation fall

The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25 per cent, even though inflation has fallen to its target of 2 per cent. In a statement, some policymakers on the bank's nine-member Monetary Policy Committee voiced worries that some underlying measures of inflation, such as in the services sector, remain elevated, which could be stoked further if interest rates are cut too soon. The decision, which was widely anticipated by economists, is likely to disappoint the governing Conservative Party ahead of the UK's general election in two weeks time. A cut would have been seized upon by Prime Minister Rishi Sunak as positive economic news.

US Fed leaves interest rates unchanged at 5.25%-5.5%; sees 1 cut this year

The rate-setting panel unanimously voted to hold the policy rate at the 23-year high mark

Pakistan cuts benchmark interest rate for first time in four years

The State Bank of Pakistan reduced the target rate by 150 basis points to 20.50 per cent, compared to a median estimate for a 100 basis point cut. Only two economists predicted the decision

RBI MPC: Repo rate unchanged at 6.5%, watch key highlights

In its second meeting for FY25 and the first after the general elections, the Reserve Bank of India (RBI) announced on Friday, June 7 that the benchmark repo rate will remain unchanged at 6.5 per cent

MPC likely to maintain status quo for eighth time in a row: BS poll

Respondents cite moderate inflation data, outlook for food prices, high growth

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration

US Fed keeps key rates unchanged at 5.25%-5.5% for 6th straight meeting

Fed holds rates steady, flags 'lack of further progress' on inflation

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

RBI releases MPC schedule for FY25, first interest rates decision on Apr 5

The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee meetings for the new fiscal. The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The first two days of the meeting are devoted to deliberations and presentations by subject matter experts to the panel. The second bi-monthly policy review meeting will end on June 7, the statement said, adding that this will be followed by three-day meetings in August, October, December, and February. The six-member panel headed by the governor has three external members. It can be noted that Shaktikanta Das' term as the RBI Governor is set to end in December this year. The MPC has been consistent in holding on to the elevated interest rates and

US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting

Fed still expects three rate cuts in 2024 despite sticky inflation, stronger economy

Any change in withdrawal stance will unsettle markets: Ashima Goyal

'Withdrawal' is now well understood to imply that the repo rate remains disinflationary and is aimed at bringing inflation towards the target, Goyal said

Russian central bank holds interest rate at 16% after months of tightening

Russia's domestic demand was still outstripping production capacity, the bank said, with labour shortages still the key constraint on expanding the output of goods and services

RBI MPC keeps repo rate at 6.5%: What does real estate industry think?

Repo rate unchanged: The experts in the real estate industry said that this decision is likely to keep the momentum in the industry intact

RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%

RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged

RBI holds policy rates, stance unchanged over inflation concerns

'Imperative for monetary policy to actively pursue disinflation to anchor inflation expectations,' says Shaktikanta Das

RBI MPC today: When, where to watch address of Guv Das and what to expect

RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday

RBI MPC meet begins: First meet post interim budget 2024; 5 things to know

The RBI MPC meeting will conclude on February 8, following which the RBI Governor Shaktikanta Das will announce the decision of the committee

RBI Monetary Policy Committee meet: Check date, time and what to expect

RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time

Bank of England keeps rates unchanged at 5.25%, may cut if inflation falls

The pound erased earlier losses and investors trimmed bets on the extent of Bank Rate cuts but still saw four reductions in 2024, a view that Bailey said he did not want to challenge