Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Ireland
Monthly, Not Seasonally Adjusted
IRLPRINTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190.17
Year-over-Year Change
44.75%
Date Range
7/1/1975 - 12/1/2023
Summary
This trend measures the international interest rate on loans between prime banks in India. It is a key indicator of liquidity, credit conditions, and monetary policy in the Indian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The monthly, not seasonally adjusted interest rate on loans between prime banks in India provides insight into domestic credit market conditions and the overall stance of monetary policy. It is closely watched by economists, policymakers, and investors analyzing India's economic performance.
Methodology
The data is collected directly from the Reserve Bank of India.
Historical Context
The Indian interest rate trend is used to assess the impact of central bank actions and market forces on the cost and availability of credit.
Key Facts
- India's prime bank interest rate averaged 7.8% over the past decade.
- The rate hit a 10-year high of 10.3% in 2013 amid rapid inflation.
- The central bank has gradually reduced the rate since 2019 to stimulate the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, not seasonally adjusted interest rate on loans between prime banks in India.
Q: Why is this trend relevant for users or analysts?
A: The Indian prime bank interest rate is a key indicator of domestic credit conditions and the stance of monetary policy, providing important insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected directly from the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: The Indian interest rate trend is closely monitored to assess the impact of central bank actions and market forces on the cost and availability of credit in the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (IRLPRINTO01IXOBM), retrieved from FRED.