RBI has finally cut rates. By 0.25%. This means very little to most people, but effectively banks can borrow lower from RBI, at 6% now versus 6.25% yesterday. ...
The RBI has cut rates by 1%. The Repo rate is now 6.5% and the reverse repo is 5%. Just 1%? I believe a much bigger response is necessary, but then ...
The European Central Bank has cut interest rates by 75 basis points, to 2.5%. This follows the UK rate cut by 1%, and most other European and Chinese cuts. And ...
