India Cuts Interest Rates to Counter Slowing Growth
India's central bank cut interest rates for the first time in nearly five years to a repo rate of 6.25% to counter slowing growth to 6.7%, a four-year low, while also injecting $18bn into the banking system to ease cash shortages.
India Cuts Interest Rates to Counter Slowing Growth
India's central bank cut interest rates for the first time in nearly five years to a repo rate of 6.25% to counter slowing growth to 6.7%, a four-year low, while also injecting $18bn into the banking system to ease cash shortages.
Progress
36% Bias Score
India's Inflation Eases to 5.22%, Raising Hopes for Rate Cuts
India's inflation rate fell to 5.22% in December, a second consecutive monthly decline, fueling expectations of interest rate cuts by the Reserve Bank of India, despite a record low rupee and slowing economic growth.
India's Inflation Eases to 5.22%, Raising Hopes for Rate Cuts
India's inflation rate fell to 5.22% in December, a second consecutive monthly decline, fueling expectations of interest rate cuts by the Reserve Bank of India, despite a record low rupee and slowing economic growth.
Progress
32% Bias Score
India's Economic Slowdown Prompts RBI Governor Change
India's economic growth has slowed due to high inflation and decreased investment, prompting the replacement of the Reserve Bank of India governor with Sanjay Malhotra, who is expected to implement rate cuts to stimulate the economy by February 2025, impacting the projected GDP growth.
India's Economic Slowdown Prompts RBI Governor Change
India's economic growth has slowed due to high inflation and decreased investment, prompting the replacement of the Reserve Bank of India governor with Sanjay Malhotra, who is expected to implement rate cuts to stimulate the economy by February 2025, impacting the projected GDP growth.
Progress
40% Bias Score
India's Central Bank to Cut Interest Rates Amidst Slowing Economy
The Reserve Bank of India (RBI) is likely to cut its benchmark repo rate by 25 basis points to 6.25% on Friday, its first rate cut since May 2020, due to easing inflation (5.22% in December) and slowing economic growth (5.4% in Q3 2023), despite the rupee hitting record lows.
India's Central Bank to Cut Interest Rates Amidst Slowing Economy
The Reserve Bank of India (RBI) is likely to cut its benchmark repo rate by 25 basis points to 6.25% on Friday, its first rate cut since May 2020, due to easing inflation (5.22% in December) and slowing economic growth (5.4% in Q3 2023), despite the rupee hitting record lows.
Progress
24% Bias Score
India's Economic Growth Slows to 5.4%, Below Projections
India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.
India's Economic Growth Slows to 5.4%, Below Projections
India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.
Progress
16% Bias Score