RBI slashes interest rates by 25 basis points on Tuesday

Source: RTT News

The Reserve Bank of India cut its interest rates matching economists' expectations by 25 basis points for the second time in 2013 on Tuesday, when the repo rate was cut by the central bank from 7.75% to 7.50% and the reverse repo rate from 6.75% to 6.50%. Meanwhile, the RBI maintained its cash reverse ration at 4.00%. The central bank's last interest rates cuts by 0.25% were done in January.


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Tue, 19 Mar 2013 11:55:06 GMT

EU new car registrations continue its downward trend in February

European Union's new car registrations continued to slow down in the month of February with the total car registrations dropping 10.5% on an annual basis to 795,482 units following an 8.7% decrease in January, the European Automobile Manufacturers' Association reported on Tuesday. In a January-February period, new registrations declined 9.5% from the same period last year.

Thu, 21 Mar 2013 06:54:10 GMT

Poland's core inflation slows down to 5-year low in February

Polish core inflation slowed down to its lowest figure since November 2007 in February, while the consumer price index stayed unchanged on a monthly basis at 0.1%, the country's central bank reported on Monday. The report showed that core consumer prices advanced annually by 1.1% in February following a 1.4% rise recorded the month before, while the core inflation was

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