Similar Stories to India's Central Bank Cuts Key Interest Rate By Quarter Point on Bing News

[...] helped by lower oil prices, "both near-term and longer-term inflation expectations have eased to single digits for the first time since September 2009," the bank's governor, Raghuram Rajan, said in a statement. The central bank governor also noted "the government has reiterated its commitment to adhering to its fiscal deficit target" of 4.1 per cent of gross domestic product this year, as it prepares next year's budget for presentation in February. Finance Minister Arun Jaitley, who was pressing the bank to lower interest rates, said the move would "lead to more money in the hands of the consumer for greater spending" and "will certainly help in reviving the investment cycle the government is trying to restore."

BING NEWS:
  • Fed reduces key rate by a quarter-point, envisions fewer cuts in 2025
    We’re closer to the neutral rate, which is another reason to be cautious about further moves," said Fed Chair Jerome Powell.
    12/18/2024 - 7:09 am | View Link
  • Fed lowers key interest rate by another quarter point but sees just 2 cuts in 2025
    The Fed trimmed a key interest rate by a quarter percentage point, its third straight rate cut. But it forecast fewer 2025 cuts amid inflation uptick.
    12/17/2024 - 11:24 pm | View Link
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