Interest rates are unlikely to go down8 min read 06 Aug 2019, 06:55 AM IST
Despite yet another imminent repo rate cut by the RBI, don’t expect lower lending rates by banks. Here’s why
On 31 July, the Federal Reserve of the US, the American central bank, decided to cut the federal funds rate by 25 basis points (bps) and lower the target range to 2 to 2.25%. The federal funds rate is the interest rate at which one bank lends funds maintained at the Federal Reserve to another bank, on an overnight basis. One basis point is one hundredth of a percentage point.
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