Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.
Washington [US], September 22 (ANI): The US Federal Reserve has yet again raised key interest rates in its fight against red-hot inflation in the country. The key policy rate was raised by 75 basis points to 3.0-3.25 per cent -- which is the third consecutive hike of the same magnitude.
Colorado [US], August 8 (ANI): The US Federal Reserve Governor Michelle W. Bowman said another "similarly-sized" - 75 basis points -- increase in key interest rates should be on the table until the economy sees inflation declining in a "consistent, meaningful, and lasting way".
New Delhi [India], June 23 (ANI): Gold prices are expected to trade in a narrow range until some clarity arises in the key interest rates and other monetary policy measures in the US, said financial services firm Emkay Wealth Management in a report.
Mumbai (Maharashtra) [India], Aug 6 (ANI): Several industry experts said on Friday that the Reserve Bank of India's (RBI's) decision to keep key interest rates on hold augurs well for the real estate sector as it will further improve consumer sentiment.
Mumbai (Maharashtra) [India], Aug 6 (ANI): Equity benchmark indices were flat during early hours on Friday as the Reserve Bank of India (RBI) kept key interest rates unchanged as expected widely.
Mumbai (Maharashtra) [India], June 4 (ANI): Equity benchmark indices closed lower on Friday as the Reserve Bank of India (RBI) maintained status quo on key interest rates but cut FY22 GDP forecast to 9.5 per cent due to Covid-19 pandemic's impact on lives and businesses.
Mumbai (Maharashtra) [India], June 4 (ANI): Equity benchmark indices traded flat during early hours on Friday as the Reserve Bank of India (RBI) maintained status quo on key interest rates.
Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) on Friday held key interest rates and maintained an accommodative stance amid uncertainty over the economic impact of the COVID-19 pandemic's second wave.
Mumbai (Maharashtra) [India], April 7 (ANI): The Reserve Bank of India (RBI) on Wednesday kept key interest rates on hold and maintained an accommodative policy stance to nurture a fragile economic recovery amid a sharp new wave of Covid-19 cases.
Mumbai (Maharashtra) [India], April 7 (ANI): Equity benchmark indices gained marginally during early hours on Wednesday as the Reserve Bank of India kept key interest rates unchanged amid rising Covid-19 cases in the country.
Mumbai (Maharashtra) [India], April 7 (ANI): The Reserve Bank of India (RBI) on Wednesday kept interest rates on hold and maintained an accommodative policy stance to nurture a fragile economic recovery after the three-day meeting of its monetary policy committee (MPC).