Search For "bps"
Bank of England raises interest rate by 25 bps to 4.5 pc
Updated : 3 years ago IST
Bank of England's monetary policy committee hiked key interest rates by 25 basis points (100 basis points is equal to one percentage point) to 4.5 per cent, the highest in over a decade or so.
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ECB hikes interest rates by 25 bps in fight against inflation
Updated : 3 years ago IST
In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).
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US Fed's interest rate hike continues in fight against inflation, raises b
Updated : 3 years ago IST
The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.
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Uday Kotak clarifies his statement, calling dollar as "financial terrorist
Updated : 3 years ago IST
On Sunday, he posted on Twitter: "In a recent discussion on US$ I inadvertently used words "financial terrorist" which I would like to correct. What I meant was that a reserve currency has disproportionate power, whether it is nostro account, 500 bps rate increase, or emerging countries hold
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Here's how experts reacted to RBI keeping repo rate unchanged after 250 bp
Updated : 3 years, 1 month ago IST
The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent, to assess the effects of the policy rate tightening done so far.
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RBI likely to announce another repo rate hike tomorrow to manage inflation
Updated : 3 years, 1 month ago IST
Governor Shaktikanta Das will announce the outcome of the meetings at 10 in the morning, followed by a press conference at noon which would be telecast.
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RBI may hike repo rate by 25 bps in ongoing policy meet: Emkay report
Updated : 3 years, 1 month ago IST
The monetary policy committee of the Reserve Bank of India, when it announces the outcome of the ongoing policy meeting on Thursday morning, is likely to hike the repo rate by 25 basis points (100 basis points is equivalent to 1 percentage point), according to advisory firm Emkay Global Fina
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World Bank cuts India's GDP forecast for 2023-24 by 30 bps
Updated : 3 years, 1 month ago IST
India's growth, World Bank, said, is expected to be constrained by slower consumption growth and challenging external conditions.
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ECB hikes rates by 50 bps despite financial turmoil
Updated : 3 years, 2 months ago IST
At a news conference on Thursday, ECB President Christine Lagarde signalled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks.
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Banks may increase loan interest rate by 100-150 bps in FY24 amid tighteni
Updated : 3 years, 2 months ago IST
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.
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BMW India appoints Varsha Autohaus as its Dealer Partner in Mangaluru
Updated : 3 years, 2 months ago IST
Mangaluru (Karnataka) [India], March 9 (ANI/BusinessWire India): BMW India announced the opening of Varsha Autohaus dealership in Mangaluru, Karnataka. The dealership offers immersive sales, service and brand experience along with access to BMW Premium Selection (BPS) - the used car division
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Pakistan's central bank increases interest rate by 300 basis points to 20
Updated : 3 years, 2 months ago IST
Pakistan's Central Bank increased the interest rate by 300 bps taking the total increase to 1,050 bs since January 2022 to counter rising inflation.
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