cut rate

The central bank had cut rates earlier in June and July and hinted that more cuts were likely amid slowing inflation.

Janet Mills, daughter of owner John Mills, said: "My father is at Cheltenham and we thought Cut Rate needed this mile and a half.

The Madagascar central bank said that it has plans to cut rates.

Goldman Sachs (NYSE :GS) has announced that it has cut rates on its popular savings app, Marcus.

India and New Zealand cut rates by more than expected.

WASHINGTON -- The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation.

In case of other banks, unless they voluntarily change the deposit rate, which is difficult since there is a low deposit growth, it is unlikely they will cut rates," said Hatim Broachwala, analysts at IDBI Capital.

We now expect the first rate cut to be in the middle of next year, and for the central bank to cut rates by 50 bps by end-2019,' it said.

It was thought that central banks would be unable to cut rates much below zero for two main reasons.

The European Central Bank (ECB) and the Bank of Japan (BoJ) are expected to cut rates further into negative territory, which may prompt other central banks to follow them lower in order to maintain the competitiveness of their currencies, QNB has said in a report.

The central bank governor, Rundheersing Bheenick, said that there is a chance for annual inflation to increase and therefore the bank does not have scope to cut rates.

"The government and the central bank admit the global crisis could worsen but they are endlessly debating on when and how much to cut rates."

Last month the Bank cut rates from 5% to 4.5% in an emergency move co-ordinated with other central banks.