The US federal reserve will hold off on making any changes to interest rates as it waits for clearer signs on President Donald Trump’s economic policies’ effect on the economy, Fed chair Jerome Powell said on Wednesday.“For the time being, we are well positioned to wait for greater clarity,” Powell said in prepared remarks to […]
MUMBAI: State Bank of India (SBI), the country’s largest lender, has cut its deposit rates following a 25 basis-point reduction in the Reserve Bank of India’s benchmark rate last week. Lending rates linked to the marginal cost of funds-based lending rate (MCLR), however, remain unchanged, as the bank’s cost of funds has yet to decline […]
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This cut is likely to spur demand for home, auto, and personal loans, especially in tier 2 and tier 3 markets, where interest sensitivity is higher, say experts Banks have started cutting interest rates on loans linked to repo after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) reduced the repo rate by […]
Mumbai: Bank of Baroda has withdrawn its BOB Utsav fixed deposit scheme and launched a new retail term deposit-bob Square Drive Deposit Scheme-offering lower interest rates. The new 444-day scheme offers 7.15% for the general public, 7.65% for senior citizens, and 7.75% for super senior citizens. For non-callable deposits, the rate goes up to 7.80%. […]
LOS ANGELES (AP) — This spring homebuying season is shaping up to be more favorable for home shoppers than it’s been in recent years — as long as they can afford to buy. US real estate market: This spring homebuying season is shaping up to be more favorable for home shoppers than it’s been in […]
MUMBAI: Economists expect RBI to cut interest rates by 25 basis points (100bps = 1 percentage point) at the conclusion of its three-day monetary policy meeting on April 9, despite global trade uncertainties triggered by US President Donald Trump’s tariffs. Inflation falling below RBI’s projections, along with signs of easing growth, has created room for […]
Fitch Ratings warns US tariffs raise recession risks, limit Fed rate cuts. | Photo Credit: iStockphoto Reciprocal tariffs imposed by the US significantly raise risks for a recession in the US and constrain the US Federal Reserve’s ability to lower interest rates , Fitch Ratings said in a note. Post the higher-than-anticipated tariffs imposed by […]
RBI Governor Sanjay Malhotra (File photo) The Reserve Bank of India (RBI) is expected to cut key interest rates by up to 25 basis points this week, with lower inflation supporting an accommodative monetary policy stance. This move is also seen as necessary to stimulate growth amidst global economic challenges, including the tariffs announced by […]
The Maharashtra government’s decision to raise ready reckoner rates(RRR) in Mumbai and other parts of the State has been met with considerable dismay by the real estate sector which apprehends an adverse impact on housing demand, as property costs are expected to escalate. On Monday the State government raised RRR by an average 3.89 per […]
