Archive for August 2nd, 2017

Central Bank Watch

Reserve Bank India Eases Stance

August 2, 2017

By a vote of 4-1-1, Indian monetary policymakers decided to reduce their repo and reverse repo rates by 25 basis points to 6.0% and 5.75%, thus becoming the first Asia central bank to enact a rate cut in 2017. The previous RBI interest rate cut had been done ten months ago. Officials released a statement […] More

New Overnight Developments Abroad - Daily Update

DOW Tops 22K and an Indian Interest Rate Cut

August 2, 2017

The DJIA moved as high as 22,036, topping 22K for the first time ever, but is currently hovering just below that level. Asia got its first interest rate cut of 2017 as the Reserve Bank of India’s repo and reverse repo rates were reduced 25 basis points to 6.0% and 5.75%, respectively. The reductions had […] More