>
读点英语 读点英语 10读友

[Espresso] Cut and run: India

CRIMX 2017-08-03
Cut and run: India

The central bank reduced its benchmark interest rate by a quarter-point at its meeting today, to 6%.
- benchmark interest rate 基准利率,金融市场上具有普遍参照作用的利率

The Reserve Bank of India usually frets over stubborn inflation, but the introduction last month of a sweeping new system of taxes on goods and services seems not to have stoked it.
- Reserve Bank of India 印度央行
- fret over 为…发愁
- stubborn 难去除的
- stoke 激起

And a favourable monsoon season has driven down food prices, putting consumer-price inflation at 1.5%, well below the RBI’s target of 4%.
- monsoon 雨季

What worries the bank more is spurring economic growth, which has flagged for four consecutive quarters.
- spur 加速
- flag 疲乏
- consecutive 连续的

A rate cut should kick-start investment.

But the banking sector, saddled with huge debts, may be reluctant to pass on its savings: lending to the private sector is at its lowest in a decade.
- saddle with 承担

And earlier this week the State Ba...
Cut and run: India

The central bank reduced its benchmark interest rate by a quarter-point at its meeting today, to 6%.
- benchmark interest rate 基准利率,金融市场上具有普遍参照作用的利率

The Reserve Bank of India usually frets over stubborn inflation, but the introduction last month of a sweeping new system of taxes on goods and services seems not to have stoked it.
- Reserve Bank of India 印度央行
- fret over 为…发愁
- stubborn 难去除的
- stoke 激起

And a favourable monsoon season has driven down food prices, putting consumer-price inflation at 1.5%, well below the RBI’s target of 4%.
- monsoon 雨季

What worries the bank more is spurring economic growth, which has flagged for four consecutive quarters.
- spur 加速
- flag 疲乏
- consecutive 连续的

A rate cut should kick-start investment.

But the banking sector, saddled with huge debts, may be reluctant to pass on its savings: lending to the private sector is at its lowest in a decade.
- saddle with 承担

And earlier this week the State Bank of India, the country’s biggest lender, cut its rates on deposits, putting pressure on other banks to follow its lead.
- deposit 存款

Will they succumb?
- succumb 屈服
0
显示全文

查看更多有趣的豆瓣小组

回应

还没人回应,我来添加

推荐小组

值得一读

    豆瓣
    我们的精神角落
    免费下载 iOS / Android 版客户端