If the repo rate rises: Banks face higher borrowing costs and may increase lending rates, raising EMIs or extending loan ...

Central banks shape the rhythm of the economy in many ways, from policy settings to money determinations that can have a ripple effect on the entire population.

A key highlight of the policy was the announcement of Rs 1 trillion in Open Market Operations (OMO) and a $5 billion FX swap.

Now and then, you probably run across headlines like the following: "Japan Keeps Monetary Policy Steady Amid Deflation Fight" "Bernanke Warns of 'Premature Tightening' in Monetary Policy" "Business ...