Indian monetary policy
Looking Ahead to German Election, Fed Chairperson Nomination, and U.S. Fiscal Showdown
September 20, 2013
It’s been a comparatively quiet end to an exhausting week. On the immediate horizon is Sunday’s German parliamentary election, with polls showing a likely Grand Right-Left coalition led by Angela Merkel. President Obama is expected to nominate Janet Yellen, the current Fed Vice-Chairperson, to follow Bernanke. It’s believed that a potential crisis over raising the […] More
Reserve Bank of India Appears to Pre-Announce Easier Stance Next Quarter
December 18, 2012
The Reserve Bank of India did not cut its 4.25% cash reserve requirement (CRR) as widely expected after its review of monetary policy. Indian growth slowed below 6% this year, and inflation has moved lower recently. The CRR had been reduced by 25 basis points each in September and October and, before that, by 50 […] More
Reserve Bank of India: Balancing Priorities
September 17, 2012
After a mid-quarter policy review, monetary officials in India cut the RBI’s cash reserve requirement to 4.75% from 5.0% but left its key 8.0% repo rate for borrowing and 7% reverse repo rate for deposit-taking unchanged. A statement released by the central bank predicts greater “pressures on liquidity over the next few weeks,” notes moves […] More
Reserve Bank of India Tweaks a Reserve Requirement but Leaves Repo Rate Unchanged at 8.0%
July 31, 2012
A statement from Indian monetary officials released after the latest quarterly economic review Left key interest rates steady. Reduced the Statutory Liquidity Ratio (SLR) to 23% from 24% effective August 11. The cash reserve requirement stays at 4.75%, however. Modified its 2012 projections for both GDP growth and WPI inflation. Upheld the primacy of containing […] More
