- All news
- Currency news
- Stock news
- Raw news
Press Review: Wall Street Now Sees Oil Around $40
India makes surprise early rate cut, hints at more
(Reuters) - The Reserve Bank of India surprised markets with a 25 basis point reduction in interest rates on Thursday and signaled it could cut further, amid signs of cooling inflation and what it said was a government commitment to contain the fiscal deficit.
While the early move was unexpected, aggressive reductions in rates have been seen as likely over the course of the coming year to help India's economy out of a rut, with growth rates struggling to recover from their weakest levels since the 1980s.
Wall Street Now Sees Oil Around $40
Brace for $40-a-barrel oil.
What, Us Worry? Economists Stay Upbeat as Markets See Trouble
The U.S. consumer, that dynamo of the global economy, just took a step back.
|remaining time till the new event being published|
- UK retail sales unexpectedly rose in March
- Earnings Season in U.S.: Major Reports of the Week
- Eurozone PMI signals lacklustre start to second quarter as growth slows
- Germany’s private sector sees modest growth in April