Archive for December 7th, 2008

Central Bank Watch

Reserve Bank of India Also Cut Rates Sharply Last Week

December 7, 2008

The Reserve Bank of India cut its repo rate for a third time since October on Saturday and and also reduced its reverse repo rate. Both were cut by 100 basis points to 6.5% and 5.0%, respectively. India is complementing these moves with fiscal stimulus. Several other central banks previously made large reductions in their […] More