Only time will tell how long interest rate will remain high, says RBI governor Shaktikanta Das
Friday, 20 October 2023 RBI governor Shaktikanta Das has stated that interest rates are likely to remain high for the time being. The RBI has cumulatively raised the key policy rate by 250 basis points since May 2022 to control inflation, which reached 7.44% in July. However, retail inflation has since declined to 5%. Das emphasized the need for a sustained decline in inflation and stated that the RBI is ready to take necessary actions.
Fed Monitoring the Economy , as Powell Hints at , More Rate Hikes .
Yahoo Finance reports that Federal Reserve Chair
Jerome Powell warned that more interest rate hikes may
be on the horizon, as inflation remains persistently high. .
Additional evidence of persistently
above-trend growth, or that...
Skyrocketing Building Costs , Could Stall Residential and , Commercial Development.
'Newsweek' reports that homebuilding costs in San Jose,
California, have reached record highs, reflecting
a more..
Credit: Wibbitz Top Stories Duration: 01:31Published
Scary Housing Market , Drives Homebuyers to Consider , Haunted Cohabitation .
According to an October 24 survey released by Zillow,
a majority of potential homebuyers in the United States
would..
Credit: Wibbitz Top Stories Duration: 01:30Published
New US Home Sales , Grew in September.
Even though mortgage rates are hovering around 8%, sales of newly-built homes surged 12.3% in September, CNN reports. .
Compared to a year ago,
sales increased..
Credit: Wibbitz Top Stories Duration: 01:31Published
RBI Monetary Policy October 2023: The three-day MPC meeting Chaired by RBI Governor Shaktikanta Das, commenced on October 4 and is set to conclude today. Zee News
The Reserve Bank of India (RBI) has decided to maintain its current interest rates, with the repo rate remaining at 6.5%. The decision comes as the economy is... IndiaTimes
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The RBI governor, Shaktikanta Das, stated... IndiaTimes
Friday, 20 October 2023
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![New US Home Sales Grew in September [Video]](https://video.newsserve.net/300/v/20231025/1359702864-New-US-Home-Sales-Grew-in-September.jpg)
