The Hindu Editorial (No surprises) – Jun 07, 2019

There were no surprises in the second bimonthly monetary policy announcement by the Reserve Bank of India. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (No surprises) – Jun 07, 2019.

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Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (No surprises) – Jun 07, 2019:

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.
conservative (adjective) – moderate/low, reasonable, cautious.
rate cut (noun) – a decision by a central bank (RBI) to reduce its main interest rate to the banks (like SBI, ICICI & etc) when these commercial banks get money from the RBI. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
bimonthly (adjective) – happening/occurring every two months or twice a month.
slowdown (noun) – economic decline, recession, slump/depression.
scholastic (adjective) – over-subtle, overprecise; academic.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
benchmark (adjective) – standard, guideline, basis.
spring a surprise (phrase) – to do something that is not expected.
keep the powder dry (phrase) – be prepared for an emergency.
slumber (noun) – rest, nap, sleep.
onus (noun) – responsibility, duty, charge.
stance (noun) – point of view, viewpoint, opinion, position.
accommodative (adjective) – accommodating, cooperative, helpful.
systemic (adjective) – constructional, organizational.
liquidity (noun) – a measure of activity (i.e. the ability to buy or sell easily) in a market.
stakeholder (noun) – a person with an interest in something.
admission (noun) – acknowledgement, acceptance, confession.
cumulative (adjective) – collective, aggregate, total.
pass on (phrasal verb) – to give someone something that someone else has given you.
considerably (adverb) – significantly, substantially, much.
loosen the purse strings (phrase) – to increase the spending of money.
do away with (phrasal verb) – abolish, eliminate, remove.
leverage ratio (noun) – leverage ratios are financial ratios used to measure a company’s capital structure, financial obligations and its ability to clear those obligations.
Basel norms/Basel capital Framework (noun) – an internationally agreed set of measures aim to strengthen the regulation, supervision and risk management of banks. The Basel Committee standards are minimum requirements which apply to internationally active banks.
ambitious (adjective) – difficult, exacting, formidable/challenging.
tremendous (adjective) – massive, huge, immense.
unleash (verb) – let loose, release, set free.
back (verb) – support, favour, uphold.
animal spirits (plural noun) – this is a term that refers to the emotions and instincts that guide the behaviour of investors and consumers in a market economy. It was coined by British economist John Maynard Keynes to explain the persistence of economic fluctuations under capitalism. Keynes argued that investment and consumption are often based on how people feel about the overall economy rather than on unbiased, rational analysis of facts. (Courtesy: The Hindu).