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1.Market Observations, 8.Was Sticky

8 Aug 2019 (AFR) – India cuts rates again as growth slows

(8 August 2019, AFR, p11, Swati Bhat and Abhirup Roy)

Mumbai | The Reserve Bank of India on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years. The RBI maintained its “accommodative” stance adding that addressing growth concerns by boosting aggregate demand was their highest priority now.’

Read more at AFR.com (might need AFR log in access, or try: AFR.com/trial)

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