Interest Rate Cut

OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory

Reduces home loan rates by 40 bps, available to those with credit score of 751 and above

Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds

Turkey's annual inflation passed 80% in August, according to official data on Monday, further hitting consumers facing high energy, food and housing costs. The Turkish Statistical Institute said consumer prices rose by 80.21% from a year earlier, up 0.6 percentage points from the previous month. Independent experts say inflation is much higher than official statistics. The Inflation Research Group put the annual rate at 181%. The central bank unexpectedly cut interest rates to 13% in August despite rising prices, a plunging lira and an unbalanced current account. The central bank slashed interest rates by 5 percentage points between September and December last year. The rate then stayed at 14% until last month. Russia's invasion of Ukraine and the lira's decline have stoked inflation. The lira has plunged over 50% against the U.S. dollar since the central bank began cutting rates. Economists say rising inflation in Turkey is fuelled by President Recep Tayyip Erdogan's unorthodox .

China's economy unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing

Bond yields slumped after the People's Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%

In a Q&A, Rajkiran Rai G says retail credit can't make up for tepid corporate demand

Here's a selection of Business Standard opinion pieces for the day

Government had announced a cut in small savings rates by 50-100 basis points for the first quarter of the new financial year.

West Bengal leads the annual state wise table of contribution to small savings at 15.09 per cent. For the year FY18, Tamil Nadu is fifth in the small savings pecking order at 4.8 per cent

Reversal of interest rate cut should have been avoided

While the low interest rate policy may or may not help with investment, output and employment, it can aggravate, if not cause, financial instability

Analysts want RBI to look at 'unconventional' monetary policy measures for a revival nudge

The finance ministry has been nudging public sector banks to pass the whole repo rate cuts to retail loans for pushing consumption

The Reserve Bank of India is expected to hold a media interaction later in the day today. It is widely expected that the central bank will cut rates and announce measures to boost sentiment.

On rate transmission by banks, Kumar said when interest rate moves downwards then everybody starts talking and when it goes upwards nobody talks about it

Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago

The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services

A decision to announce a fresh stimulus could be a tough one for the government, after its budget deficit topped 90% of its full-year goal

The metal has gained nearly 2% so far this week, on track for a second consecutive weekly gain