Central Bank Watch
Indian Monetary Policy Eased on Year's First Trading Day
January 3, 2009
2008 saw deep interest rate cuts in a broad cross-section of advanced and developing economies. The Reserve Bank of India became the first major central bank to loosen credit policy in 2009, cutting its repo rate by 100 basis points to 5.5% and reserve requirement to 5.0% from 5.5%. Four rate cuts since mid-September now […] More
