{"id":32246,"date":"2019-02-07T23:22:19","date_gmt":"2019-02-07T23:22:19","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=32246"},"modified":"2019-02-07T23:22:19","modified_gmt":"2019-02-07T23:22:19","slug":"india-cuts-interest-rates-just-before-modis-election-test","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=32246","title":{"rendered":"India cuts interest rates just before Modi&#8217;s election test"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">New Delhi  (CNN Business)<\/cite>India&#8217;s new central bank governor just gave the country its first interest rate cut in six months ahead of elections in which the health of the economy will play a key role.<\/p>\n<div class=\"zn-body__paragraph speakable\">The Reserve Bank of India (RBI) reduced the key rate at which it lends to banks from 6.5% to 6.25% on Thursday, surprising most economists polled by Reuters and Bloomberg who had<strong> <\/strong>predicted rates would remain unchanged. <\/div>\n<div class=\"zn-body__paragraph speakable\">The RBI, now<strong> <\/strong>led by former<strong> <\/strong>finance ministry official Shaktikanta Das, cited a drop in inflation, lower oil prices and a global economic slowdown as factors behind its decision. Retail inflation in India fell to 2.2% between October and December, its lowest level in 18 months, while core inflation dipped to 5.6%. <\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (CNN Business)India&#8217;s new central bank governor just gave the country its first interest rate cut in six months ahead of elections in which the health of the economy will play a key role.The Reserve Bank of India (RBI) reduced the key rate at which it lends to banks from 6.5% to 6.25% on&hellip;<\/p>\n","protected":false},"author":10,"featured_media":32247,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-32246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/32246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32246"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/32246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/32247"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}