Will Bank interest rate comes down
Reserve Bank of India’s financial policy are to be released tomorrow, there are several expectations in lending interest rates that may come down. This expectation main cause is due to the wholesale inflation that last to fall over the 6 months.
Retail inflation also has tended to come down. Further, the deficit for the financial year 2014-15 has come under control at 4%.The economic growth has also increased to 7.3% during the financial year 2014-15. Trends of growth can be observed in the manufacturing & services industry.
Hence, financial experts observe that the current scenario has increased the prospects of reduction of interest rates by Reserve Bank of India. Central government Finance Minister Arun Jaitley, National Economic Adviser Arvind Subramanian and other senior banking experts have been stressing on the needs to reduce the REPO ratios.