Rate cut may not spur corporate capex

Banks have increased rates on fixed deposits even while the central bank has cut policy rates. In this article, I am attempting to draw attention to a fact that inflation should be expected to remain low for a long time to come and that should give policy makers a leeway to reduce interest rates and address the problem of falling savings rate.

Rate cut may not spur corporate capex Historically, there has been no correlation between growth in bank credit to industry and lower benchmark interest rate. Illustration: Dominic Xavier/Rediff.com The recent cut in benchmark interest rate by the Reserve Bank India (RBI) is not likely to boost corporate lending and private sector’s capital expenditure (capex), going by past trends.

What is clear from the data is that it is the actual tax rate that affects growth, not the change from the previous rate. For example, going from 10 to 5 percent is a huge change in proportional terms (a 50 percent cut!), while a change from 35 to 30 is much smaller, percentage-wise.

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Fear and lack of imagination show through in waning capital expenditure growth. at Citi – believe a rate cut may not emerge at. rates have in the past failed to spur capex or boost stock.

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The big story from Wednesday’s monetary policy decision is not the dispute between the government and the Reserve Bank of India about interest rates. It is what deputy governor Viral Acharya said at the press conference after the policy announcement about how to spur growth and his answer was interesting for what it revealed about.

The corporate rate cut would give U.S. transportation companies of all sizes more money to upgrade their fleets with fuel-efficient vehicles.. The tax cut could also spur industrial giants to.

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Also, rising utilisation across the manufacturing sector may also spur corporate capex and boost corporate loan growth. Coming to the stocks, major private banks are 8% off their 52-week highs and.

Looming US rate cut to spur UAE growth Issac. The widely-anticipated interest rate cut by the GCC central banks this week, in line with the US Federal Reserve’s monetary loosening, may impact.