According to global financial services major DBS, the softening trend in inflation leaves the door open for a rate cut in the fourth quarter of this calender year "with odds of a move in October on the rise".
When a person buys any property, it generally involves taking a home loan and also exhausting a substantial amount of one‘s savings, to fund the margin money. Moreover, home buyers also try to avail R
For a lay person, inflation is one of the biggest factors affecting a majority of their purchases. This, despite the fact that inflation doesn‘t influence the price of all commodities uniformly. Technically, there is R
Speaking to CNBC-TV18, Director of Metal Research & Strategy David Wilson says Citi expects a rate hike by the US Fed this year which could moderate gold prices but investor buying will cushion the fall and limit downside.
MPC was set up by amending the Reserve Bank of India Act, 1934, through the Finance Bill 2016. Under this new system, the RBI Governor is ex-officio Chairperson.
"While Patel is new as a Governor, he's not new for RBI. Second thing is, in his present role as deputy governor RBI, he is incharge of monetary policy, which was already the centre-stage of inflation...interest rate-related activity or Monetary policy related activity," he said on the sideline of an event organised by CII here.
The most important reason for such a turn of events is the Fed's recognition that any future monetary policy changes should be part of a medium-term (a period of one to five years) policy mix to stabilize a sharply slowing US economy.
Williams does not have a vote on Fed policy this year, but his views are seen as influential on the policy-setting committee because of his longstanding relationship with Fed Chair Janet Yellen, his former boss at the San Francisco Fed, and his research-driven style.
Policy makers also believed the global financial system had properly withstood any shock created by Britain's June vote to exit the European Union, the minutes said.
In his speech in Knoxville, Lockhart said recent US gross domestic product data overstated weakness in an economy whose fundamentals remain on track for moderate growth through this year and next. He added, however, that he is not locked into a particular date for a rate increase.
Reserve Bank Governor Raghuram G Rajan presented his last monetary policy review. Updates here.
This is going to be the last bi-monthly monetary policy to be decided by the central bank Governor as the broad-based 6-member panel may take over the job before the next review on October 4.
In June this year, CNBC-TV18 started a new initiative ahead of the monetary policy on June 7.
"A subvention of 2 percent per annum will be made available to... for short-term crop loan up to Rs 3,00,000 per farmer, provided the lending institutions make available short-term credit at the ground level at 7 percent per annum to farmers," RBI said in a notification.
The Bank of England has cut rates for the first time in over seven years, slashed growth forecasts and launched a new monetary policy weapon in the battle to stop a post-Brexit slump in the UK.
In a significant upturn, services sector grew at its fastest pace in three months in July on surge in new business orders and low prices, a monthly survey showed today, raising hopes for a rate cut by RBI Governor Raghuram Rajan in his last monetary policy review next week.
Noting that factors, such as road infrastructure and inflation seem to be closely linked to residential price movements, a report titled â€˜Indian Real Estate: Comprehending the varying speeds of growth‘ by JLL India and R
Recently, loan against property (LAP) has emerged as a popular form of long-term loans, especially among the self-employed. According to a recent report from CRISIL, this loan category is expected to grow 22% annually R
The Bank in a statement said it was committed to passing on the benefit of lower cost of resources to its customers at the bottom of the pyramid and for this, a further rate was reduced by 60 basis points.
There are several benefits to buying a property in a woman‘s name, either as the sole owner or as a joint owner, with governments and banks offering several sops. â€œAspiring home buyers can seek R
Manish Kabra of VP, BofA-ML said that the move by the BoE has created uncertainties as it wanted to loosen rates and make monetary policy easy.
The central bank may cut rate by 25 bps today and another 25 bps by the end of this year to save the economy from running into recession, says Hartmut Issel of UBS.
In a recent speech, Finance Minister Arun Jaitley called for lower deposit rates in the economy, saying high interest rates on savings instruments translate into higher cost of lending and lead to sluggishness in the economy.
The Federal Reserve can be patient on raising interest rates due to low inflation and uncertainties over U.S. economic prospects, including Britain's vote to leave the European Union, an influential U.S. central banker said on Tuesday.
A pre-approved loan is an instrument that is used by banks, to attract customers to avail of its facility without much hassle. Generally, there is a fair amount of uncertainty for home buyers, till R