US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India
Wednesday, 18 September 2024 () The US Federal Reserve has lowered interest rates by 50 basis points, marking its first cut in over four years. This action is likely to increase foreign investment in India, influence the Indian Rupee, and benefit sectors like IT and consumer goods. The RBI's response will be key to maintaining financial stability.
The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.
Credit: euronews (in English) Duration: 01:07Published
The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the..
Wednesday, 18 September 2024 ()
![European Central Bank cuts interest rates again as inflation slows [Video]](https://video.newsserve.net/300/v/20240912/1387322684-European-Central-Bank-cuts-interest-rates-again-as.jpg)
![Chancellor welcomes interest rates cut [Video]](https://video.newsserve.net/300/v/20240801/1383608290-Chancellor-welcomes-interest-rates-cut.jpg)
