RBI Governor Urjit Patel says Global Economy Is Likely Slowing
RBI governor Urjit Patel says global economy is likely slowing. Crude Oil Has Fallen 30% Due To Oversupply And Ease In Trade War Related Tensions.
Key Points :
- Global Financial Markets Have Been Volatile
- GDP Growth Slowed In Q2 Due To Moderation In Consumption
- Flow Of Bank Credit Has Become Increasingly Broad Based
- Non-Food Bank Credit Growing Faster Than Nominal GDP
- RBI Keeps Key Rates Unchanged
- SLR To Be Cut To 18% Over 6 Quarters
- SLR To Be Cut By 1.5% In 6 Quarters
- RBI to Issue Consolidated Norms For FX Loans, Masala Bonds Dec-End
- Floating Rate MSME Loans To Be Priced vs External Benchmark
- FDI Flows May Increase With Improving Prospects Of External Sectors
- RBI On GDP : Forecasts GDP Growth At 7.5% For H1FY20
- Retains GDP Growth At 7.4% For 2018-19, H2FY19 GDP Seen At 7.2-7.3%
- RBI On Inflation : Cuts Inflation Forecast To 2.7%-3.2% For H2FY19
- Recent Food Inflation Has Surprised On The Downside
- MPC Reiterates Medium Term Target For Headlines Inflation At 4%
RBI Governor Urjit Patel says Global Economy Is Likely Slowing <