Interest Rates

/Tag: Interest Rates

Is an interest rate cut on the horizon?

2018-12-05T13:41:20+00:00January 6th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

The questions on everybody’s lips are: When will the RBI cut rates? And when will banks pass on RBI’s previous rate cuts to customers? The logic behind those questions is evident. The short-term economic forecasts are not very encouraging. The Reserve Bank of India (RBI) expects the country’s GDP to grow at 7.1 per cent in 2016-17, a sharp half percentage point lower than its previous growth estimate of 7.6 per cent. This contraction in growth estimates is mainly because [...]