MONTHLY MONETARY SUPPORT
Gold ends with gains for third straight week as US inflation falls, economic concerns grow The US yields and the US Dollar Index slumped to multi-week lows on the subdued US CPI inflation data (June). The ten-year US yields slid 0.60% on Friday as the yields fell around 2% on the week. The two-year yields, more sensitive to monetary polic...
13 Jul, 2024, 11.33 AM ISTClimate Change: Emerging variable in monetary policy The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change...
11 Jul, 2024, 07.35 AM ISTFed's Powell says not ready yet to declare inflation fight over Federal Reserve Chair Jerome Powell stated on Wednesday that he was not ready to declare victory over inflation yet. He emphasized that the U.S. is still on the path back to stable prices and sustained low unemployment. Powell and other Federal Rese...
10 Jul, 2024, 10.58 PM IST- ADVERTISEMENT
Why RBI should be concerned about climate change Climatic factors are now increasingly playing an important role in influencing food and fuel inflation which tends to affect the overall inflation levels which is emerging as a big area of concern for monetary policy. ET explains how could climate c...
10 Jul, 2024, 06.48 PM ISTCommercial vehicle sales surpass expectations, indicating strong economic activity Sales of commercial vehicles increased last quarter, driven by strong replacement demand and continued government infrastructure spending. More than 234,000 trucks and buses were sold in the local market in the three months ended June, exceeding exp...
09 Jul, 2024, 12.14 AM ISTUS Fed hopeful of achieving 2 per cent inflation target soon The U.S. Federal Reserve noted a lack of significant progress towards its 2 percent inflation target in its latest meeting. Despite this, there have been modest improvements in recent months. This conclusion was shared in the Fed policy minutes rele...
04 Jul, 2024, 11.11 AM ISTIndian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member RBI's monetary policy committee member Shashanka Bhide highlighted India's potential for stable high growth amidst significant risks, citing strong domestic demand, investment spending, and positive monsoon forecasts. He emphasised the importance of...
30 Jun, 2024, 11.28 AM ISTUS inflation cools in May, boosting hopes of Fed rate cut May's stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed's aim for a controlled economic slow...
29 Jun, 2024, 09.55 AM ISTIndia central bank policymakers divided over rate-growth debate Internal members maintain hawkish stance on inflation, with Governor Das cautioning against hasty actions for fear of worsening the situation
25 Jun, 2024, 08.02 AM ISTRBI needs to shift focus from inflation management to growth promotion: MPC member Varma With retail inflation nearing the Reserve Bank of India's (RBI) 4% target, RBI Monetary Policy Committee (MPC) member Jayanth R. Varma emphasized a shift towards promoting growth. He noted that core inflation is benign and projected CPI inflation fo...
24 Jun, 2024, 02.47 PM ISTCharting the global economy: BOE leaves rate-cut hopes alive The Bank of England hinted at possible interest-rate cuts as some officials are leaning towards it, despite keeping rates steady at 5.25%.
23 Jun, 2024, 10.47 AM ISTChina's yuan slips to fresh 7-month lows as outflows mount China's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
21 Jun, 2024, 10.58 AM ISTAssam government introduces monthly monetary support for girl students to combat child marriage The scheme aims to increase the Gross Enrolment Ratio beyond matriculation, disburse benefits via DBT, and provide financial grants under the Anundoram Borooah Scheme for students scoring over 75% marks.
12 Jun, 2024, 07.23 PM ISTBlackRock stays bullish on Indian bonds after narrow Modi win Neeraj Seth, chief investment officer at BlackRock, predicts that India's fiscal consolidation under Modi's leadership will continue. Cooling inflation may lead the Reserve Bank of India to ease later this year, supporting the preference for longer ...
06 Jun, 2024, 07.49 AM ISTSterling hits fresh 2-month high versus dollar ahead of inflation data German inflation figures will be released on Wednesday and the wider euro zone's reading on Friday, along with the U.S. core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation.
28 May, 2024, 03.17 PM ISTIMF, Pakistan make significant progress on new loan, IMF mission says The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.
24 May, 2024, 11.34 AM ISTIMF asks Pakistan to 'impose' tax on monthly pensions, says 'new bailout programme' will require reforms The International Monetary Fund (IMF) has requested Pakistan to impose a tax on monthly pensions exceeding Rs 100,000 as part of a new bailout program. The IMF's demand is expected to gain legislative support to tax wealthy pensioners. Pakistan rema...
20 May, 2024, 11.38 AM ISTInflation eases further to an 11-month low of 4.83% in April, despite higher food inflation India's inflation decreased to a low of 4.83% in April, which is the lowest in 11 months, compared to 4.85% in the previous month, due to a slight increase in food inflation caused by high vegetable and pulses prices.
13 May, 2024, 07.13 PM ISTChina's central bank vows to support economic recovery China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.
10 May, 2024, 07.59 PM ISTOil stays near five-month highs as tighter supply looms Oil prices stayed near five-month highs on Monday as markets expected tighter supply due to OPEC+ cuts and after attacks on Russian refineries, while Chinese manufacturing data supported a stronger demand outlook.
01 Apr, 2024, 09.43 PM IST