RBI Monetary Policy October 1, 2025, RBI MPC Meeting Live news & Updates: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), chaired by Governor Sanjay Malhotra, began its three-day deliberation on September 29, 2025. The outcomes of this meeting are scheduled to be announced today, October 1, 2025, at 10:00 AM during the RBI Governor’s address, amid global geopolitical tensions and the impact of US Trump tariffs.ExpectationsThe MPC’s decision on benchmark interest rates is highly antic ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【调查显示多数专家预计韩国央行本周维持基准利率不变】对27位专家的调查结果显示，20位预计韩国 央行周四政策会议维持基准利率不变，7位预测会降息。高盛专家权九勋团队称，按兵不动的鸽派立场 能让韩央行获政策观察窗口，追踪家庭债务走势、评估财政刺激效果及研判美联储动向。 高盛维持"韩 央行10月实施降息"的基本预测。多数专家预计，因二季度增长数据超预期强劲，韩央行或小幅上调 2025年GDP增速与通胀预测值。 ...

特朗普施压 美联储理事库克拒绝"因霸凌辞职" 张平 美国总统特朗普近来加大对美国联邦储备系统决策层施压。除一再批评美联储主席杰罗姆·鲍威尔坚持 不降息的立场，他20日又公开向美联储理事莉萨·库克"喊话"，要求库克辞职。 "库克必须辞职，现在！！！"特朗普在其自创社交平台"真实社交"上写道。特朗普还分享了彭博新闻社 的一篇报道，内容是联邦住房金融署署长比尔·普尔特呼吁对库克的两笔房产抵押贷款进行更严格审 查。 据法新社报道，作为特朗普的坚定盟友，普尔特曾致信美国司法部长，呼吁对库克启动调查，并暗示她 可能涉嫌刑事犯罪。普尔特20日早些时候在社交媒体平台X上发帖，指认库克在两笔房贷申请中先后把 两处不同房产申报为其"主要住宅"以获取更优惠利率。 库克对此解释说，上述房贷申请发生在她"加入美联储之前"。 她在致法新社的一份声明中说："我无意因为一个帖子提出一些问题就被霸凌到辞去职务。"但她表示会 严肃对待有关其个人财务历史的问题，"收集准确的信息，回答任何合理的问题，并提供事实"。 特朗普政府已经以涉嫌"房贷欺诈"为由对数名对立阵营人士发起调查，包括民主党籍纽约州总检察长利 蒂希娅·詹姆斯。詹姆斯曾指控特朗普经商时 ...

新华社莫斯科7月25日电（记者包诺敏）俄罗斯中央银行25日发布公告，宣布下调基准利率至 18%。 俄央行表示，当前通胀下行速度快于预期，国内需求增长放缓，经济活动保持向均衡增长路径回归 趋势，因此央行将维持适度从紧货币政策，促使通胀率2026年回归目标水平。俄央行强调，将根据通胀 预期进一步动态调整基准利率。 【纠错】 【责任编辑:焦鹏】 俄央行6月曾下调基准利率至20%。 ...

Core Insights - A Reuters survey indicates that 27 out of 28 economists expect the Bank of Mexico to lower the benchmark interest rate to 7.75% on August 7, while 1 economist predicts the rate will remain unchanged at 8.00% [1] Group 1 - The majority consensus among economists suggests a forthcoming interest rate cut by the Bank of Mexico [1] - The anticipated rate adjustment reflects a significant shift in monetary policy aimed at stimulating economic growth [1] - The lone dissenting opinion highlights uncertainty in the economic outlook, suggesting a cautious approach to rate changes [1]

Core Viewpoint - South Africa has lowered its benchmark interest rate by 25 basis points to 7%, aligning with market expectations [1] Group 1 - The decision to reduce the interest rate is aimed at stimulating economic growth [1] - The adjustment reflects the central bank's response to current economic conditions and inflation trends [1] - This rate cut may influence borrowing costs and consumer spending in the South African economy [1]

Group 1 - The Central Bank of Brazil's Monetary Policy Committee (Copom) decided to maintain the benchmark interest rate Selic at 15% and confirmed the end of the current rate hike cycle, citing the need for a cautious stance in a highly uncertain economic environment [1] - The announcement emphasized that the monetary policy will be adjusted as necessary based on economic conditions, with a commitment to restart the adjustment cycle if needed to achieve the inflation target of 3%, with a tolerance of 1.5 percentage points [1] - The Central Bank's June report projected a 2025 inflation rate of 4.9%, but the market expects the actual rate to be higher, indicating potential challenges in achieving inflation targets [1] Group 2 - The Brazilian economy is showing resilience, with a tight labor market, but risks remain from fiscal deficits and exchange rate volatility, along with unanchored inflation targets [1] - The global economic slowdown, tariff barriers, and commodity price fluctuations could lead to imported deflation, posing additional challenges for the Brazilian economy [1] - The recent decision by the U.S. government to impose additional tariffs on certain Brazilian exports has raised concerns about its potential impact on domestic economic and financial market uncertainty, particularly regarding price levels and foreign trade structure [1][2]

Group 1 - The Central Bank of Russia has lowered the benchmark interest rate by 200 basis points to 18% as inflation pressures decrease faster than expected [1] - The Central Bank aims to maintain a tight monetary policy to ensure inflation returns to target levels by 2026, with average benchmark rates projected between 18.8% to 19.6% in 2025 and 12.0% to 13.0% in 2026 [1] - The Central Bank forecasts that under the current monetary policy, the annual inflation rate will decline to 6.0% to 7.0% in 2025 and to 4.0% in 2026, stabilizing thereafter [1] Group 2 - Despite the decrease in inflation risks, the Central Bank notes that medium-term inflation risks remain higher than deflation risks, influenced by long-term deviations from balanced growth and external trade environment deterioration [2] - Geopolitical tensions are highlighted as a significant source of uncertainty that could impact inflation through changes in the ruble exchange rate [2] - The Central Bank previously reduced the benchmark rate from a historical high of 21% to 20% on June 6, 2023, and plans to discuss the next rate level in a meeting on September 12 [2]

Core Viewpoint - The Central Bank of Russia has lowered the benchmark interest rate to 18.00%, aligning with market expectations and down from the previous rate of 20% [1] Group 1 - The decision to reduce the interest rate reflects the Central Bank's response to economic conditions [1] - The new rate of 18.00% is aimed at stimulating economic growth and addressing inflation concerns [1] - This adjustment marks a significant shift in monetary policy as the Central Bank seeks to balance economic stability and growth [1]

Core Viewpoint - The discussion around the assessment of monetary supply tightness and the appropriate benchmark interest rate for the Federal Reserve has intensified as excess liquidity in the U.S. financial system is expected to continue shrinking in the coming months [1][3]. Group 1: Federal Funds Rate Limitations - Several experts, including Cleveland Fed President Mester and JPMorgan analyst Teresa Ho, have pointed out the limitations of the federal funds rate as a measure of liquidity, suggesting that the Fed should consider alternative tools [1][3]. - The federal funds market, once a key indicator of financing conditions, has seen a significant decline in daily trading volume, now averaging about $110 billion, which is only 0.5% of commercial bank assets, compared to 2% before 2008 [1]. - The overnight general collateral repurchase agreement rate has become a more significant pricing basis for benchmark rates, with daily trading volumes reaching several trillion dollars [1]. Group 2: Shift in Monetary Policy Tools - The true levers of monetary control have shifted to a series of rates set directly by the Fed, including the Interest on Reserve Balances (IORB), rather than relying solely on the federal funds rate [3][4]. - The federal funds rate has remained relatively stable at 4.33% as of July 23, despite adjustments to policy rates, indicating a disconnect from actual market dynamics [3][4]. - Experts argue that the federal funds rate is no longer at the core of monetary market dynamics, raising concerns about its ability to signal potential liquidity pressures [3][4]. Group 3: Current Market Conditions and Future Outlook - The market is facing potential liquidity pressures as the U.S. Treasury slows cash reserve rebuilding, with expectations that the use of reverse repo tools may approach zero in September [5][7]. - Historical context shows that in 2019, the Fed's balance sheet reduction led to significant rate spikes due to insufficient bank reserves, highlighting the importance of monitoring reserve levels [5]. - Experts suggest that alternative indicators, such as the three-party general collateral rate (TGCR), may better reflect real funding flows and should be considered as replacements for the federal funds rate [7].