India central bank cuts interest rates amid easing inflation
Friday, 7 February 2025 () Central banks around the world cut interest rates last year, with India maintaining higher rates due to lingering inflation. New Delhi now aims to boost urban consumption, which had been a motor of the country's growth.
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and...
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Friday, 7 February 2025 ()
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