The SBI's latest report highlights that the once-dominant "Follow the Fed" mantra appears to be waning, with an increasing number of central banks prioritizing domestic economic conditions over synchronizing with U.S. rate decisions, signalling a shift in global monetary policy dynamics.
This projection stands out as an exception compared to the trend observed in other emerging economies, where central bank rate actions typically mirror those of advanced economies.
This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME, and services sectors, as revealed by the latest credit growth numbers.
Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the l
New Delhi [India], May 22 (ANI): Industry experts on Friday largely welcomed the Reserve Bank of India's measures to increase private consumption and provide liquidity access to all sectors hit by the Covid-19 pandemic.
Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices fell by 1 per cent during the afternoon on Friday as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points and extended the loan repayment moratorium for another three months
Mumbai (Maharashtra) [India], Mar 27 (ANI): Equity benchmark indices dithered in volatile trade on Friday as the Reserve Bank of India (RBI) reduced key repo rate by 75 basis points in line with central banks around the world to limit the economic slowdown amid rising coronavirus (COVID-19).
Mumbai (Maharashtra) [India], Mar 27 (ANI): Equity benchmark indices trimmed morning gains and slipped into the red on Friday afternoon even as the Reserve Bank of India (RBI) reduced the key repo rate by 75 basis points in line with central banks around the world to help combat the economic
Mumbai (Maharashtra) [India], Aug 7 (ANI): Equity indices fell to low levels during the last hour of trading on Wednesday after the Reserve Bank of India (RBI) cut the repo rate by 35 bps at 5.4 per cent.
Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal
New Delhi [India], August 2 (ANI): Chairman and MD of House of Hiranandani Surendra Hiranandani on Wednesday commented on the Reserve Bank of India's (RBI) rate cut of 25 basis points (bps) upholding that deregulation will lead to the success of government initiatives regarding real est