The minutes, released on Wednesday, showed how broadly views within the Fed are shifting in response to President-elect Donald Trump's promises of tax cuts, infrastructure spending and deregulation.
The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. R
The bank starts loading all the cost structures that it has on top of the cost of funds (COF) to arrive at the minimum hurdle rate at which it has to underwrite the loans.
Taking a cue from State Bank of India, other lenders including India‘s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost R
Prime minister Narendra Modi‘s new year‘s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank R
Maharashtra Chief Minister Devendra Fadnavis today said lowering of interest rate by banks was a positive impact of demonetisation which will boost economy in a big way.
Interest rate is one of the factors, and probably the most important one, while taking a loan. However, there are other things that are important to consider.
With Nifty a whisker away from its lifetime high and valuation touching 21X FY17P and 18X FY18P earnings, the Street looks cautious. Is it time to take money off the table?
Terming demonetisation of high value bills as a "historic decision" by Narendra Modi, Union minister M Venkaiah Naidu today said the Prime Minister's focus is to help the poor even as he indicated lower interest rate regime in future.
Almost all the public sector and private banks, offer loans against future rentals. With this facility, home owners can avail of a line of credit, on the basis of future rentals for their house R
The CFTC said in a statement that Goldman Sachs Group Inc attempted on "many occasions" from January 2007 to March 2012 to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix benchmark.
Government had enough room to cut the rates further, given the sharp deterioration in rates. But it didn‘t. Even after the reduction to 8.65 percent, provide fund savers still have the highest interest rates.
You will get 8.65 percent interest on your Employee Provident Fund (EPF) balances for 2016-17, which is 0.15 percent lower than what your EPF balances earned for 2015-16.
"A resurgence of heightened cross-border capital flow volatility in response to the Fed's tightening could have negative spillovers for those with large external funding needs, high leverage, macroeconomic imbalances, or uncertainties around politics and policies," it said.
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate â€”the repo rateâ€”unchanged at 6.25 percent against a widely-anticipated cut of 25-50 basis points.
The Reserve Bank of India (RBI) has announced the decision of its fifth bi-monthly monetary policy review of financial year 2016-17. Updates here.
RBI Governor Urjit Patel‘s second monetary policy review comes amid the government‘s demonetisation drive which has impacted scores of citizens and businesses. Will an interest rate cut ease some of the pain. Here‘s a look at how interest rates work.
According to Morningstar, equity portfolio managers have been positioning their portfolio to benefit from the turnaround in the economy and fall in interest rates.
Federal Reserve policymaker James Bullard is leaning towards supporting an interest rate increase in December and argued on Friday that the real question now is the Fed's rate path in 2017.
"A single policy-rate increase, possibly in December, may be sufficient to move monetary policy to a neutral setting," Bullard said at a UBS conference in London.
The demonetisation of Rs 500 and Rs 1,000 notes, is likely to result in an immediate reduction in cash transactions, in the real estate sector. Buyers are expected to shift towards more legitimate transactions, R
However, elevated food prices mean the consumer price index, due to be released at 1200 GMT on Tuesday, is unlikely to fall below the central bank's medium-term target anytime soon.
Gold is a traditional safe-haven market, which investors flock to in times of uncertainty. Several analysts have forecast that gold prices will rally if Republican Donald Trump wins the Tuesday election, while they could rise to a lesser degree or even fall if Democrat Hillary Clinton wins.
Nonfarm payrolls likely increased by 175,000 jobs last month after rising 156,000 in September, according to a Reuters survey of economists. The unemployment rate is forecast falling one-tenth of a percentage point to 4.9 percent.
Conceding that its earlier predictions over the immediate impact on growth stemming from the Brexit vote were too gloomy, the bank's policymaking Monetary Policy Committee decided today to keep its main interest rate at a record low 0.25 per cent.