India reduced interest rates after 5 years
reports Mehr News Agency , the Central Bank of India, for the first time in the past five years, has reduced its criterion interest rates because authorities are trying to reverse the decline in economic growth in the world’s most populous country.
Central India announced Friday that the rate of Ropo on which the central bank lends to commercial banks Reduced by 4.9 % and reduced to 4.9 %.
Central India Bank last time in May reduced the key interest rate and then reduced a number of increases on the purpose of reducing a number of increases. Increased inflation following the epidemic Corona .
Sanji Malaotra , the head of the central bank India, who succeeded Shakikanta , said the less restrictive monetary policy is more appropriate due to the dynamics of the current growth-out. According to Malotra Central Bank is committed to implementing monetary policy and taking such actions to enhance macroeconomic conditions that boost price stability, sustainable economic growth and financial stability. , Facilitate.
India grows faster than any other large economy, but its development rate has declined significantly in recent months because the increase in food prices has affected consumption.
GDP growth after a 4.9 percent increase in April to June and 4.3 % in the three months before, in July to September 4.9 % ratio Grown to the previous year.
Prime Minister’s Government Narendra Modi Growth It has predicted 5 % for fiscal year 2-5, which is the weakest performance since the year that Kuwait -2 has transformed the global economy. Growth is expected to rise to 4.3 % to 2.5 % in year 1-2, which is less than the post-epidemic process.
Government Modi last week announced a widespread tax cut as part of the annual budget and the workers’ income tax thresholds Increased from about $ 2 to $ 2.
