[ad_1] The Reserve Bank of India’s recent decision to retain the repo rate has left investors pondering their next steps, particularly those considering fixed deposits as a safe and reliable investment option. With the RBI signalling stability in its monetary policy, it raises the question: Is now the right time to invest in fixed deposits […]
Fed should normalise policy with anticipated 25-50 basis point cut by year-end: BlackRock – CNBC TV18
[ad_1] The US Federal Reserve might have been better off implementing 25 basis point increases in July and September rather than starting with a 50 basis point cut, suggests Gargi Pal Chaudhuri, Head of iShares Investment Strategy Americas at BlackRock. Sharing her insights on the Federal Reserve’s current policies and their implications for financial markets […]
Japanese PM Ishiba vows to keep BOJ independent, pledges not to intervene in monetary policy – CNBC TV18
[ad_1] Japanese Prime Minister Shigeru Ishiba said on Saturday he would not intervene in monetary policy affairs, as the central bank is mandated to achieve price stability. “It’s important to avoid vocally intervening” in monetary policy affairs, or appear as if he was doing so, Ishiba said in a news conference gathering leaders of major […]
US Fed slashes rates by 50 bps — Jerome Powell’s top quotes on economic outlook – CNBC TV18
[ad_1] SUMMARY The US Federal Reserve implemented a notable half-point reduction in its benchmark interest rate, marking a significant change after over two years of elevated rates designed to control inflation. While these high rates were effective in curbing inflation, they also made borrowing considerably costly for American consumers. The decision to cut the rate […]
Karur Vysya Bank cuts EBLR, SBI increases MCLR: What this means for your loans – CNBC TV18
[ad_1] Karur Vysya Bank has announced a reduction in its External Benchmark Lending Rate (EBLR) from 10.05% to 9.9%, effective August 19. EBLR, which is a key interest rate used to determine the cost of loans, is set independently by banks, not by the Reserve Bank of India (RBI). This reduction could potentially lower the […]
Indian PSU banks announce marginal lending rate hikes – CNBC TV18
[ad_1] Three major public sector banks in India have announced increases in their marginal cost of funds-based lending rates (MCLR), effective from August 10 and August 12. The adjustments will affect various loan tenures, making borrowing slightly more expensive for consumers and businesses. The moves reflect the banks’ responses to current economic conditions and the […]
Banks, rate-sensitive stocks volatile after RBI status-quo, GDP projections maintained – CNBC TV18
[ad_1] Shares of rate-sensitive sectors such as banking, finance, auto, and real estate were trading on a mixed note after the Reserve Bank of India’s (RBI) policy decision. While the Nifty Bank index was trading lower at 49,968.20, the auto index was trading flat at 24,920.30. NSE realty index, on the other hand, was trading […]