Homevideos Newseconomy News

    See scope for intra-MPC rate cut between 25-50 basis points, say govt officials

    videos | IST

    See scope for intra-MPC rate cut between 25-50 basis points, say govt officials

    Mini

    In terms of inflation, the government is expecting it to be in 4.6 percent range by July. Looking at the overall scenario, they feel that there is scope for lower interest rates.

    Government officials have said they would be watching out for the real impact of coronavirus in Q1FY21. There could be some spill over in Q1 of the new financial year because of the disruptions due to coronavirus, since we are already in the last month of the current fiscal.
    In terms of inflation, the government is expecting it to be in 4.5-4.6 percent range by July. Looking at the overall scenario, they feel that there could be a scope for lower interest rates. Ideally, some decision should be taken between the Monetary Policy Committee (MPC) meetings. The scope of rate cut they believe could be between 25-50 basis points government sources tell CNBC-TV18.
    There have also been talks of reducing small savings rate. Looking at the overall movement of bond yields and the way the interest rates are moving, possibly some downward tweaking is possible.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng