Page 65 - Latest Updates on Inflation
Meta to cut headcount for first time, slash budgets across teams
Meta will likely be smaller in 2023 than it was this year, he said.
 "Meta to cut headcount for first time, slash budgets across teams")
RBI expects inflation to come down to 4% over the next two years
RBI which announced the review of policy today, decided to increase the policy repo rate by 50 bps to 5.9%
 "RBI expects inflation to come down to 4% over the next two years")
Wall Street keeps stocks down as US dollar rises on higher inflation
The declines Friday cap a week of global market turmoil in which recession fears already sapped stocks and currency markets were rocked by dollar strength
 "Wall Street keeps stocks down as US dollar rises on higher inflation")
Inflation, external pressure priority over growth: Finance ministry
The MPC also cut its FY23 GDP growth forecast to 7 per cent from 7.2 per cent, with Governor Shaktikanta Das acknowledging that there were downside risks to economic growth
 "Inflation, external pressure priority over growth: Finance ministry")
Inflation forcing rural India to buy fewer essentials items: Report
A new report reveals people in villages are concerned about inflation and its impact on their financial condition
 "Inflation forcing rural India to buy fewer essentials items: Report")
Inflation hits 10% in 19 EU nations using euro, electricity prices up
Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signalling a looming winter recession
 "Inflation hits 10% in 19 EU nations using euro, electricity prices up")
Belgium's inflation rate escalates to 47-year high at 11.27% in Sept
The inflation rate in Belgium increased to 11.27 per cent in September, its highest level since August 1975, the country's statistical office Statbel said
 "Belgium's inflation rate escalates to 47-year high at 11.27% in Sept")
Inflation in Spain drops to 9% in Sept from 10.5% last month: Report
Inflation in Spain dropped to 9 per cent in September from 10.5 per cent the previous month, according to preliminary data published by the Spanish Statistical Office (INE)
 "Inflation in Spain drops to 9% in Sept from 10.5% last month: Report")
RBI policy projections: Sept inflation to hit five-month high of 7.6%
Central bank will have to write to government explaining the reasons of its failure to contain inflation up to 6%
 "RBI policy projections: Sept inflation to hit five-month high of 7.6%")
More rate hikes, eye on rupee: How experts interpret RBI's 50-bps rate hike
The reluctance of the RBI to change stance from 'withdrawal of accommodation' indicates that more monetary policy tightening is likely to be in the pipeline, analysts said
 "More rate hikes, eye on rupee: How experts interpret RBI's 50-bps rate hike")
RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us
RBI Policy: Shaktikanta Das announced the RBI MPC's decision to hike the repo rate by 50 basis points to 5.9% and slash the GDP forecast for FY23 to 7% from 7.2% earlier
 "RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us")
RBI policy: Repo rate hiked by 50 bps to 5.9%; FY23 GDP forecast cut to 7%
CPI inflation for the current financial year is seen at 6.7%, with the price gauge seen at 7.1% in July-September
RBI policy review LIVE: Inflation forecast for FY23 remains unchanged
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
 "RBI policy review LIVE: Inflation forecast for FY23 remains unchanged")
Rothschild plans to hire 7 bankers in India before year-end for expansion
The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession
 "Rothschild plans to hire 7 bankers in India before year-end for expansion")
RBI policy: How inflation, repo rate and demand are linked to each other
With the RBI MPC expected to announce its decision on Friday, we explain how inflation, repo rate and demand are linked to each other
RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps
The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.
 "RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps")
ECB policymakers may put hike of 75 bps on table at October meeting
The ECB lifted interest rates by a combined 125 bps at its past two meetings, the fastest pace of policy tightening on record, but inflation may still be months from its peak
 "ECB policymakers may put hike of 75 bps on table at October meeting")
New Pakistan finance minister vows to tame inflation and cut interest rates
Ishaq Dar says no one will be 'allowed to play' with currency market, sees Pakistan's rupee currency is undervalued
 "New Pakistan finance minister vows to tame inflation and cut interest rates")
Household savings in India dip to lowest in five year as inflation persists
As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22
 "Household savings in India dip to lowest in five year as inflation persists")
IMF tells UK to 're-evaluate' unfunded tax cuts as global criticism mounts
Prime Minister Liz Truss's decision to cut taxes by the most since the early 1970s and cover them via borrowing at a time of surging inflation has rattled financial markets and drawn concern
 "IMF tells UK to 're-evaluate' unfunded tax cuts as global criticism mounts")