Last Updated: Sunday, September 6, 2015, 09:02
Warily watching economic clouds gathering in China and the possibility of an end to zero interest rates in the United States, G20 leaders steered a careful course at their meeting in Turkey at a time of uneven and fragile growth.
Last Updated: Thursday, September 3, 2015, 17:35
The European Central Bank held its key interest rates steady on Thursday, a spokesman said, amid investor concern over the economic fallout from the slowdown in China.
Last Updated: Wednesday, September 2, 2015, 20:51
A cyclical recovery is under way for the Indian economy, and the country's GDP growth is expected to improve to 7.8 percent this fiscal from 7.3 percent in 2014-15, a Nomura report says.
Last Updated: Tuesday, September 1, 2015, 23:36
To ensure effective transmission of its policy rate decisions by banks, RBI Tuesday proposed a uniform methodology for calculation of their base lending rates on the basis of marginal cost of funds.
Last Updated: Tuesday, September 1, 2015, 12:41
"The board on Tuesday judged that leaving the cash rate unchanged was appropriate at this meeting," RBA governor Glenn Stevens said in a statement.
Last Updated: Monday, August 31, 2015, 22:56
Starting a fresh round of rate cuts after repeated calls from RBI, private lender HDFC Bank and state-run Canara Bank Monday lowered their lending rates by up to 0.35 percent, a move that will make home and other loans cheaper for consumers.
Last Updated: Monday, August 31, 2015, 21:14
Axis Bank, country's third largest private sector lender, Monday cut its deposit rates, generally considered a precursor for a lending rate cut, by up to 0.50 percent across maturities.
Last Updated: Monday, August 31, 2015, 19:21
After repeated chiding by RBI chief Raghuram Rajan on banks not passing rate cut benefits to consumers, HDFC Bank Monday lowered its base lending rate by 0.35 to 9.35 -- the lowest in the industry.
Last Updated: Monday, August 31, 2015, 16:56
Private sector HDFC Bank on Monday cut the base rate by 0.35 percent to 9.35 percent from the existing 9.70 percent, thereby making loans from the bank cheaper.
Last Updated: Saturday, August 29, 2015, 22:26
Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.
Last Updated: Saturday, August 29, 2015, 14:21
Hinting at the fourth interest rate cut this year, RBI Governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth.
Last Updated: Friday, August 28, 2015, 10:53
The recent market swoons follow a series of other shocks - crashing oil prices, weakness in Europe, the constant deflation threat in Japan - that have held down inflation globally.
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