Real interest rates slide into negative territory

The RBI has reduced its benchmark repo rate by 115 basis points between March and May to support the economy in light of the Covid-19 induced slowdown. As a result, banks have had to reduce their lending and deposit rates to adjust to the new interest rate scenario. One basis point is 0.01 percentage point.

from Markets-Economic Times https://ift.tt/3h0Q5pO
via IFTTT