The Hindu Editorial (Moderate expectations) – Oct 05, 2019

After the unconventional 35 basis points cut in interest rates in August, the Reserve Bank of India (RBI) returned to a normal 25 basis points cut on Friday. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Moderate expectations) – Oct 05, 2019.

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Today’s word list-1 for The Hindu Editorial (Moderate expectations) – Oct 05, 2019:

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.
prod (verb) – stimulate, motivate, encourage.
unconventional (adjective) – alternative, different, unusual.
a foregone conclusion (phrase) – predictable result, predictable outcome, inevitability.
speculation (noun) – prediction, forecast, opinion/notion.
prune (verb) – reduce, cut/trim, decrease.
benchmark (noun) – standard, guideline, basis.
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.
mark down (phrasal verb) – to reduce the price of something.
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.
fiscal (noun) – financial year.
inevitable (adjective) – unavoidable, sure to happen, unpreventable.
a trifle (phrase) – a little; somewhat.
optimistic (noun) – positive, confident, hopeful.
mirror (verb) – reflect, repeat, copy/imitate.
optimism (noun) – hopefulness, confidence, positiveness.
heavy lifting (noun) – difficult work.
in so far as (phrase) – to the extent/degree that.
prospects (noun) – chances, opportunities, possibilities.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
retreat (verb) – decline in value.
spike (noun) – a sharp rise/increase of something.
unambiguous (adjective) – unarguable, beyond doubt/question, unquestionable.
accommodative (adjective) – accommodating, cooperative, helpful.
stance (noun) – point of view, opinion, standpoint.
revive (verb) – recover, bring back, revitalize.
credible (adjective) – convincing, acceptable; reasonable/valid.
facilitate (verb) – make easier, clear the way for, assist/help.
lend (verb) – give, provide, offer.
offtake (noun) – purchase of goods.
onus (noun) – responsibility, duty, burden.
lever (noun) – a means of pressurizing someone into doing something; handle, grip.
set off (phrasal verb) – cause, start, trigger/give rise to.
giveaway (noun) – something that is given away or handed out for free.
fiscal slippage (noun) – the missing fiscal targets in the country’s budget.
stock market (noun) – equity market, share market, a stock exchange. It is where traders buy and sell shares of companies on a public exchange.
bond market (noun) – debt market; the market where debt instruments (like bonds (government or corporate) and mortgages) are traded.
hold the key (phrase) – to have control.
revival (noun) – improvement, restoration, comeback.