Archive for January 3rd, 2009

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