Policy News

Bank of America forecasts the RBI will maintain its repo rate at 6.50% in the October MPC meeting. Despite mixed growth data, the RBI remains optimistic about 7.2% growth for FY25, while future rate cuts are anticipated starting December 2024 due to easing inflation pressures.

RBI Policy: Investors ought to allocate only a small part of their portfolio to fixed deposits (FDs). Just because the interest rates are hovering at a high level, investors should not be tempted to allocate a higher proportion to fixed income instruments.

The European Central Bank will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.

Stock market investors will be closely tracking the global geopolitical situations, and the outcomes of RBI’s Monetary Policy Committee (MPC) as well as the second quarter results of companies, said stock market experts, reported the agency ANI on Sunday. ;

From rate hikes to an ‘Asian NATO,’ Japan’s prime minister is backpedaling on his major policies just days into the job.

GLOBAL-MARKETS/VIEW-ASIA (GRAPHIC, PIX):MORNING BID ASIA-Yen rattled by Japan PM’s ’unseemly’ rate comments

USA-FED/HAWK-DOVE:Fed hawks and doves: what US central bankers are saying

Since February 2023, India’s MPC has maintained policy rates, balancing inflation and growth. Recent developments suggest a potential policy shift in October, with food prices stabilising and global rate cuts influencing the RBI’s approach towards a neutral stance.

USA-FED/GOOLSBEE (UPDATE 1):UPDATE 1-Fed’s Goolsbee reiterates case for extended path of rate cuts

The Federal Reserve Board of Governors’ inspector general said the US central bank can take additional steps to bolster its hiring practices after seeing a drop-off in the diversity of late-stage applicants.