Market welcomes RBI’s decision to cut repo rate by 25 bps | Indiablooms – First Portal on Digital News Management
The South African Reserve Bank’s monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%. This is the first time since March 2018 that the benchmark interest rate has been cut. The central bank’s governor Lesetja Kganyago made the announcement at a media.
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With RBI’s 25 bps cut, the repo rate in India has reached to 9-year low level of 5.75 percent. Even though RBI had changed the stance to accommodative, the leg room for further rate cuts is limited.
The repo rate cut places the prime lending rate at 10%, down from 10.25%. The announcement was made by the South African Reserve Bank Governor Lesetja Kganyago on Thursday afternoon.
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Rate cut of 50 bps would have been better considering the current liquidity and low consumer sentiment in the market. Moving from neutral to accommodative status is encouraging step from RBI.
Moscow, Jul 22 (Sputnik/UNI) Hong Kong police said on Monday that six males were arrested over "unlawful assembly" after mass protests against the now-suspended notorious bill that would allow extraditions to mainland China erupted in the city for the seventh consecutive weekend.
· Market pricing in a 50-bps interest rate cut by RBI. Jalan Panel wants transfer of RBI’s surplus reserves over 3-5 years;. The current difference indicates that the market expects the repo rate to fall by 50 basis points from the current 5.75 per.
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As Foras Armadas de Defesa de Moambique ou FADM so as foras armadas nacionais de Moambique.Eles incluem o Estado-Maior das Foras Armadas e trs ramos de servio: Exrcito, Fora Area e Marinha. O FADM foi formado em meados de agosto de 1994, pela integrao das Foras Populares de Libertao de Moambique (FPLM) com a ala militar da RENAMO, aps o fim da guerra civil.