Published on
11:59 GMT
The Reserve Bank’s leap of faith: A big rate cut is very hard to justify
It cut rates for the third time in a row and by a larger-than-expected 50 basis points to 5.5%. Not content with that, it went in for what many might term an ‘overkill,’ lowering the cash reserve ratio (CRR), or the amount of bank deposits impounded with …
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