Tokmak june is not a Fait Accompli, or ruled out. Well, a cut in Interest Rates this summer would be welcomed by the government here in the uk which will have to call a general election by the end of the year. But the uks finance minister, chancellor of the exchequerjeremy hunt, says the decision is for the Bank Of England to make and must be independent. These are really finely balanced decisions, but i welcome the fact the Bank Of England has obviously thought about this very hard. They take this decision independently. And i would much rather that they waited until they were absolutely sure inflation is on a downward trajectory than rushed into a decision that they had to reverse at a later stage. What we want is sustainably low Interest Rates. And i think what is encouraging is that the Bank Of England governor, for the first time, has expressed real optimism that we are on that path. Jeremy hunt fair. Joining us now is jane foley, head of Foreign Exchange strategy at rabobank. Jan
The Committee has been mandated to prepare a draft of the rules, in which facts related to various procedures, competent level authorities and easy implementation of the provisions of the proposed Act would be included
Mumbai: The RBI on Wednesday constituted a nine-member committee to suggest, among other things, provisioning for Expected Credit Loss (ECL) framework.