NEWS & ADVICE : PERSONAL LOAN
RBI to maintain same rates in this monetary policy
By Vaibhav Aggarwal
Feb 28, 2014
Print    Email    RSS   

It has been reported that Reserve bank of India is likely to keep the rates same in April 1, 2014 monetary policy review. In order to lower the inflation RBI will not hike rates, however since September RBI has raised interest rates three times by 25 bps each. If the apex bank raises the rates, the banks automatically needs to hike the rates to match them.

The hike in rates will decline the demand and will slow down the inflation quickly but this will damage the economy. Keeping the status of economy in mind RBI may not hike the rates this time. Mr. Rajan RBI governor stated that they prefer to dis-inflate over time rather than abruptly. Further he added that besides developing the financial sector through monetary policy, it is necessary to bring down the inflation over a reasonable period of time.

It is necessary to keep a proper focus on the financial stability of the country, and to maintain the financial stability it is important to control the inflation.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
12 point conduct checklist for bank and...
Gold based financing; 'loan to buy gold...
Glittering Ways of Investing in Gold
Consolidation good for creating healthier...
LAP or personal loan: Which one to choose?


i got call from your side and my reference no is...
CIBIL REPORT
SANGRUR: CaℒL Giℛℒ In Bathinda 09855660911...
How to check cibil score with apan card free online
APPLY FOR URGENT LOAN www.chapelloans.webs.com...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive