00:00Today, on August 8, the RBI's Monetary Policy Committee has ended and the repo rate in August
00:06policy has been kept stable, which is 6.5%.
00:10And this is the ninth time that these rates have been kept stable.
00:14After 2018, these rates are the highest so far.
00:18In the Monetary Policy Committee meeting, headed by Governor Shakti Kanthadas, six members
00:24have decided to keep these rates stable.
00:28The Indian Central Bank has kept the interest rates stable, but what kind of direction is
00:33being taken in the policy meeting of the Central Banks of other countries, we will tell you
00:38in this video.
00:39If we talk about the US Fed first, then the Central Bank Federal Reserve of the United
00:43States announced interest rates on July 31.
00:45In the FOMC meeting, interest rates were kept stable for the eighth time, which is 5.25%
00:51to 5.50%.
00:53This was also the assumption of Wall Street regarding the decision of the FOMC regarding
00:57the interest rates.
00:58After this comes the European Central Bank.
01:00In the July policy, it also kept the interest rates stable.
01:03The ECB decided to keep the rates stable in the policy meeting on July 18.
01:08However, due to the continuous fall in inflation, in September, it has indicated a decrease.
01:13If we talk about the Bank of England, then on August 1, it has been announced to reduce
01:18the interest rates in the policy meeting.
01:20For the first time in four years, the rates have come down to 5%.
01:25Four out of the five members of the policy committee agreed to reduce the rates.
01:30BOE Governor Andrew Belli said that the committee is ready for the future.
01:34As you know, since August 2023, the interest rate was stable at 5.25%, which was a 16-year
01:40high, but now the Bank of England has reduced it to 5%.
01:43Next comes the Bank of Japan.
01:45On July 31, the rate was announced to be reduced in the policy meeting here as well.
01:500.25% reduction was made in interest rates.
01:53However, looking at the sharp correction in the share market, the Deputy Governor said
01:57that if the market remains unstable, the decision to reduce the interest rates can also be taken
02:02back.
02:03After this comes the Central Bank of Australia.
02:05On August 6, the interest rates were held in the policy meeting, which is at 4.35%.
02:11A day before this, the wild market swing was seen because billions of dollars were lost
02:16in the global economy.
02:17So that's why the interest rates were held.
02:19After this comes the Bank of Canada.
02:21The Central Bank of Canada announced a reduction in the interest rates in the August policy.
02:25The Bank of Canada reduced the rate by 25 basis points, which has now decreased to 4.5%.
02:31As you know, this was the second time the rate was reduced in interest rates.
02:35The bank said that if there is a fall in inflation, the rate will decrease further.
02:40For the time being, for the ninth time, the RBI has also kept the repo rate stable, which is at 6.5%.
02:46So that's all in this video.
02:48We told you about the decisions taken by the banks of all countries in this video.
02:52How did you like the information?
02:53Do tell us by commenting.
02:54If you are watching this video on Facebook, then like the Facebook page.
02:57If you are watching on YouTube, then don't forget to subscribe to the Goodreturns YouTube channel.
Comments