Mexican Media Brands
India Lowers Interest Rate Again
The Reserve Bank of India has trimmed its key lending rate to 7.25% from 7.5%. It was the central bank's third reduction this year.
#economics
Share
The Reserve Bank of India has trimmed its key lending rate to 7.25% from 7.5%. It was the central bank's third reduction this year.
The bank says it implemented the cut because of India's declining consumer price index, low domestic capacity utilization, "subdued" investment growth and other "mixed indicators of recovery."
The adjustment came days after the government calculated a 7.5% increase in India's gross domestic product in January-March. Many economists complain the government's new method of determining GDP activity may not be accurate because it ignores several traditional economic indicators.
Analysts predict no further action by the RBI on interest rates until the end of 2015, pending an increase in India's inflation rate. The bank targets an inflation range of 2%-6%. April's rate was 4.9%..
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.