India's central bank has left interest rates on hold but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may ease policy in early 2013.
India's central bank raised interest rates by a sharper-than-expected 50 basis points on Tuesday and signalled it would battle stubbornly high inflation even at the expense of the government's economic growth ambitions.
The rate rise was
Kuwait's central bank reduced its three repurchase rates by 25 basis points each on Tuesday but left its benchmark discount rate unchanged, official data showed.
The central bank cut its overnight repo rate to 0.75 percent from 1 percent,
Saudi Arabia is unlikely to change its benchmark lending rate in the third quarter, a Reuters poll showed, after its central bank sought to boost lending by halving the rate it pays to commercial banks for deposits.
The world's top oil exp
Saudi Arabia's central bank said it reduced on Tuesday the reverse repurchase rate by 25 basis points to 0.50 percent to realign it with short-term rates after inflationary pressures eased.
"This measure has been taken in view of the easin
India's central bank unexpectedly slashed its key lending rate for the first time in more than four years on Monday, in a fresh attempt to shield the economy from the global financial crisis.
Shares and the rupee jumped and bond yields fel
India's central bank on Wednesday unexpectedly raised its key lending rate by 25 basis points to 8 percent to rein in inflation, and analysts said more tightening could be expected if inflation continued to head towards double digits.
Kuwait, the Middle East's fourth-largest oil exporter, cut its repo rate by 25 basis points on Wednesday to 5.25 percent, ahead of an expected interest rate cut in the United States next week.
"They are just pre-empting an expected 2