Mexican Media Brands
India’s Central Bank Cuts Interest Rate
India’s central bank has lowered its primary lending rate by 0.25 points to 6.25%, the lowest in six years.
#economics
Share
India’s central bank has lowered its primary lending rate by 0.25 points to 6.25%, the lowest in six years.
The choice to reduce the rate came from the Reserve Bank of India’s new six-member committee. Previously, the final decision was made by the bank’s governor.
RBI says the reduction will add liquidity to the Indian economy and help push growth to 7.6% for the fiscal year that began on April 1. The central bank also notes that inflation is declining. India’s government targets a 4% inflation rate but considers any rate between 2% and 6% acceptable.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.