The chairman of the Federal Reserve Jerome Powell said that the central bank will maintain a cautious attitude of the interest rates and will wait more information before she is considering cuts – directly against the new requirements of President Donald Trump for immediate tariff reductions. “For the time being we are well positioned to […]
In a rare fit of generosity, the Monetary Policy Committee (MPC) decided in its June meeting to lower the Repo rate with 50 basic points and to beat the Cash Reserve Ratio (CRR) for banks with 100 basic points. The CRR section will be phased out from September to November over four tranches. Both REPO […]