The Hindu Editorial (RBI’s Goldilocks cut) – Aug 08, 2019

Faced with slowing GDP growth and encouraged by benign inflationary trends,… For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (RBI’s Goldilocks cut)- Aug 08, 2019.

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Today’s word list-2 for The Hindu Editorial (RBI’s Goldilocks cut) – Aug 08, 2019:

goldilocks (noun) – exactly right condition (a country’s economy is neither expanding too fast nor contracting).
repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.
unleash (verb) – let loose, release, set free.
Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and service
benign (adjective) – favourable, advantageous, beneficial..
inflationary (noun) – tending to cause monetary inflation.
benchmark (noun) – standard, guideline, basis.
a foregone conclusion (phrase) – predictable result, predictable outcome, inevitability.
rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
slowdown (noun) – economic decline, recession, slump/depression.
the monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
deem (verb) – regard as, consider; view as.
turbulence (noun) – turmoil/disorder, troubles, disturbance.
median (noun) – halfway, in-between, middle/midway.
keep the powder dry (phrase) – be prepared for an emergency.
aggregate (verb) – collect, consolidate, combine.
inhibit (verb) – hinder, restrain, prevent.
liquidity (noun) – a measure of activity (i.e. the ability to buy or sell easily) in a market.
flood the market (phrase) – it refers to when an excess amount of inventory (stock) for sale causes an undesired drop in price for the product, in extreme cases making the products impossible to sell at any price.
hereon (adverb) – hereupon, after this, as a result of this.
play out (phrasal verb) – happen, occur, take place.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
on the one hand (phrase) – as an alternative, as another option/substitute.
optimistic (noun) – positive, confident, hopeful.
impulse (noun) – (strong & sudden) urge/instinct, compulsion, need.
heavy lifting (noun) – difficult work.
suffice (verb) – be enough, be sufficient, be adequate.
scenario (noun) – course of events, situation.
incentivise (verb) – encourage, motivate, galvanize.
fiscal (adjective) – financial.
arithmetic (noun) – calculation, reckoning, tally.
address (verb) – attend to, tackle, deal with.
in vain (phrase) – unsuccessfully, futile, useless.