The Traderszone Network

Published in TZ Latest News 8 February, 2017 by The TZ Newswire Staff

India Jolts Markets By Keeping Rates Unchanged, Signaling End To Easing Cycle

In an unexpected announcement, India’s central bank left borrowing costs unchanged for a second straight meeting, shifting its policy stance to neutral from accommodative, effectively signaling an end to easing cycle. The RBI left the benchmark repurchase rate at a six-year low of 6.25 percent, on expectations of a 25 bps cut. Central bank authorities left rates unchanged at the last, December 7 meeting, while saying that the policy stance remains accommodative.

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