Bank of England cuts rates for first time since 2009, restarts bond purchases
The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds of government debt to ease the blow from Britain`s June 23 vote to leave the European Union.
Aug 04, 2016, 16:56 PM IST
ICICI Bank, Kotak Mahindra and 6 others cut lending rate
Joining the rate cut bandwagon, as many as eight lenders including ICICI Bank, Kotak Mahindra Bank, Yes Bank and SBBJ reduced their benchmark lending rate by up to 0.35 percent Wednesday, a move which would lower EMIs for home and auto loan borrower.
Oct 01, 2015, 22:49 PM IST
Economy recovering from serious challenges; expect banks to cut rate further: FM
Reserve Bank has cut repo rate by 0.75 percent since January but not all banks have passed on the benefit of lower interest rates to customers.
Jun 12, 2015, 13:29 PM IST
Expect PSU banks to cut interest rates: FM Jaitley
With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley on Sunday said he expects the lenders to cut interest rates soon.
Mar 22, 2015, 13:54 PM IST
