If RBI
keeps the rates unchanged in its next review, that means there is a difference of around 60 basis points which needs to be transmitted.
A higher top speed for growth means there's more economic slack than previously envisaged, informing the central bank's decision to
keep rates unchanged at this juncture.
Crude futures held on to strong gains in early Asian trading on Thursday, after the U.S. Federal
Reserve kept rates unchanged and a weekly government report on oil stockpiles showed an inventory build that was within expectations.
Concerns on international markets, related to the Fed's decision to
keep its rates unchanged while signaling a policy tightening in the future, led to Greek stocks posting significant losses on Thursday, as the euro and the Greek bond prices continued their decline.
The latter has been deferred for the time being, thanks to the Fed's decision on Sept. 17 to
keep rates unchanged as a response to global uncertainties (though with the implicit assumption that rates would nonetheless be increased in the near future).»
In Japan, the Central Bank said Thursday morning it was
keeping its rates unchanged and the People's Bank of China raised its short - term interest rate by 10 basis points on both medium - term lending facility loans and its open market operation reverse repurchase agreements.
European markets closed slightly higher on Thursday after the ECB said it was
keeping its rates unchanged.
reinforcing the US Federal Reserves» stance to
keep rates unchanged.
At the same time, wage growth has been tepid with average hourly earnings, having increased by only 0.1 % MoM and 2.6 % YoY; both measures are below economists» projections, reinforcing the US Federal Reserves» stance to
keep rates unchanged.
madan ojha recently posted... RBI — First Quarter Review of Monetary Policy 2013 - 14, keeps Rates unchanged