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06.06.25 - 19:18
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India Central Bank Shocks With Biggest Rate Cut Since Covid As Growth, Inflation Stall (ZeroHedge)
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India Central Bank Shocks With Biggest Rate Cut Since Covid As Growth, Inflation Stall
India's central bank shocked markets this morning when it slashing interest rates (in a 5:1 vote) by a deeper-than-expected half a percent - the third cut in a row - and the largest rate cut since the covid crash, amid falling inflation and lower growth in Asia's third largest economy. It also spiked the amount of liquidity available in the system to kickstart moribund lending.
The repo rate - the level at which the central bank lends money to commercial banks, influencing borrowing costs for home and car loans - now stands at 5.5%, the lowest in three years, following two previous 25bps reductions in April and February.
Explaining the rationale for the cut, RBI governor Sanjay Malhotra said growth is "lower than our aspirations" and the bank felt it was "imperative to stimulate domestic consumption and investment" amid rising global uncertainties.
Data released last week showed tha...
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14.05.25 - 12:30
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India′s wholesale inflation eases to 13-month low of 0.85% in April (Times of India)
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India's wholesale price inflation hit a 13-month low of 0.85% in April 2025, driven by lower prices for food, fuel, and manufactured goods. Experts anticipate a further decline in the coming months. Retail inflation also eased, potentially paving the way for another rate cut by the RBI in June to bolster economic growth amid global challenges....
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