Page 41 - Latest Updates on Inflation
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
 "A prudent comma, not a myopic full stop!")
Inflation seen easing in March to 5.80% on softening food price rises
Forecasts ranged from 5.40% to 6.40%, with a quarter of survey respondents predicting inflation above 6.00%. It was 6.52% in January and spent most of last year above 6.00%
 "Inflation seen easing in March to 5.80% on softening food price rises")
This is a pause, not a pivot, says RBI guv on surprise hold in key rates
Das said RBI is keen to assess the cumulative impact of the rate actions done till now
 "This is a pause, not a pivot, says RBI guv on surprise hold in key rates")
MPC lowers projection for inflation, raises growth outlook a bit in FY24
Volatility in global financial market has potential upsides for imported inflation, says committee
 "MPC lowers projection for inflation, raises growth outlook a bit in FY24")
Fight against inflation far from over: RBI projects FY24 inflation at 5.2%
For the June quarter, the retail inflation is expected to average 5.1%, and rise to 5.4% each in the September and December quarter
 "Fight against inflation far from over: RBI projects FY24 inflation at 5.2%")
No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022
RBI governor makes it clear that if required, MPC could hike rates in future meetings
 "No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022")
Potential US recession signal sets off global rush into Indonesian bonds
With the US and Indonesian central banks seen approaching the end of their respective hiking cycles, inflows looking for higher carry returns are likely to keep increasing in the second quarter
 "Potential US recession signal sets off global rush into Indonesian bonds")
RBI rate hike touch & go affair amid inflation, growth concerns, swaps show
Policy decisions this week from some of the Reserve Bank of India's global peers offer a good reason for the split
 "RBI rate hike touch & go affair amid inflation, growth concerns, swaps show")
Global trade growth to slow to 1.7% in 2023 amid rising inflation: WTO
Dragged down by a sharp slump in the fourth quarter, world trade volume grew by 2.7 per cent, "a smaller-than-expected increase"
 "Global trade growth to slow to 1.7% in 2023 amid rising inflation: WTO")
RBI set to raise rates 25 bps on elevated inflation, keep hawkish stance
Retail inflation rose 6.44% year-on-year in February, easing from 6.52% in January but has remained above the RBI's mandated target range of 2%-6% for 10 out of the last 12 readings
RBI should prioritise inflation over growth, say FinMin officials
The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side
 "RBI should prioritise inflation over growth, say FinMin officials")
Inflation is driving boom in secondhand shopping, $177 bn global sales
The shoppers most attracted to resale are members of younger generations, mainly Gen Z
 "Inflation is driving boom in secondhand shopping, $177 bn global sales")
SL central bank maintains current interest rates to continue disinflation
The Central Bank of Sri Lanka announced a decision to maintain its Standing Deposit Facility Rate and Standing Lending Facility Rate at the current level of 15.50 per cent and 16.50 per cent
 "SL central bank maintains current interest rates to continue disinflation")
Time to avoid the 'last hike'
One feels that arguments in favour of a pause in April are strong
 "Time to avoid the 'last hike'")
Australia pauses rate hikes to assess tightening impact, inflation in focus
In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively
 "Australia pauses rate hikes to assess tightening impact, inflation in focus")
India's GDP growth to slow down to 6.3 per cent in FY24: World Bank
The latest India Development Update, released Tuesday, notes that rising borrowing costs and slower income growth are expected to weigh on private consumption growth
 "India's GDP growth to slow down to 6.3 per cent in FY24: World Bank")
ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks
Private consumption will be the main driver of growth, says international agency
 "ADB slashes India GDP growth forecast to 6.4% for FY24, cites risks")
European countries' battle with inflation is far from over amid tax cuts
Even pricier food risks further aggravating social discontent and frustration with authorities. On top of that, an surprise oil output cut by OPEC+ at the weekend is pushing oil prices higher
 "European countries' battle with inflation is far from over amid tax cuts")
Growth, margins play whack-a-mole with consumer discretionary space
Some brokerages bet on consumer staples, preferring this more defensive space
 "Growth, margins play whack-a-mole with consumer discretionary space")
Inflation, unorganised distribution of flour blamed for stampede in Pak
There have been multiple stampede incidents across Pakistan due to the unorganised distribution of free flour which led to the death of various inflation-hit people, who gathered to collect food
 "Inflation, unorganised distribution of flour blamed for stampede in Pak")