Page 76 - Latest Updates on Inflation
Latest RBI survey shows household inflation expectations eased 80 bps
Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps
 "Latest RBI survey shows household inflation expectations eased 80 bps")
Best of BS Opinion: Normalising policy, 'Moonlighting' officially, and more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: Normalising policy, 'Moonlighting' officially, and more")
Equity, debt markets' strategy post RBI's rate hike decision
Bond prices fell sharply while the equities rallied after the RBI's rate hike on Friday. Our next report tells us how the increase in repo rate will affect both these asset classes
 "Equity, debt markets' strategy post RBI's rate hike decision")
At 13.8% gains, India best-performing stock market since June lows
The benchmark Nifty50 Index has gained the most among major global markets, soaring 13.8 per cent since June 17, when it had dropped to its lowest levels in 13 months
 "At 13.8% gains, India best-performing stock market since June lows")
Normalising policy
The pace of rate hikes could moderate
 "Normalising policy")
Steel players' hopeful of export duty withdraw; okay with capex plans
Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation
 "Steel players' hopeful of export duty withdraw; okay with capex plans")
Japan PM Kishida to reshuffle Cabinet amid Taiwan, inflation concerns
Japanese PM Fumio Kishida, announced he will likely reshuffle his Cabinet the next week to address a variety of issues including heightened tensions in the Taiwan Strait
 "Japan PM Kishida to reshuffle Cabinet amid Taiwan, inflation concerns")
Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood
The US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation
 "Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood")
Need to address gap due to India's jobless growth, says Anand Mahindra
On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets
 "Need to address gap due to India's jobless growth, says Anand Mahindra")
RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts
RBI hikes repo rate by 50 bps, keeps FY23 inflation, growth forecasts at 6.7% & 7.2%; home loan rates set to exceed 8%
 "RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts")
The global economy is 'past peak inflation', says Tesla CEO Elon Musk
"The trend is down, which suggests we are past peak inflation," Musk said at Tesla's Austin headquarters and factory
 "The global economy is 'past peak inflation', says Tesla CEO Elon Musk")
Former Puducherry CM, Congress cadres detained protesting inflation
Agitators said the imposition of GST on rice, milk and curd, the adoption of Agnipath military recruitment scheme and also lack of 'practical policies to guarantee employment' were highly condemnable
 "Former Puducherry CM, Congress cadres detained protesting inflation")
Loan EMIs to rise as RBI increases repo rate by 50 bps to curb inflation
Several banks have already raised their borrowing rates and some will again increase their rates after this hike by the central bank.
 "Loan EMIs to rise as RBI increases repo rate by 50 bps to curb inflation")
World stock markets mixed ahead of US jobs data; Fed weighs rate hike
London, Paris and Frankfurt were lower while Shanghai and Tokyo advanced. Oil prices fell back.
 "World stock markets mixed ahead of US jobs data; Fed weighs rate hike")
Italy unveils 17-bn-euro aid package to combat inflation, drought
Italian Prime Minister Mario Draghi announced an aid package worth an estimated 17 billion euros to combat surging inflation and drought
 "Italy unveils 17-bn-euro aid package to combat inflation, drought")
RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history
RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know
 "RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history")
MPC rate hikes likely to continue till CPI inflation recedes below 6%
Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps
 "MPC rate hikes likely to continue till CPI inflation recedes below 6%")
The case for rate hikes heading for contested territory as recession looms
A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast
 "The case for rate hikes heading for contested territory as recession looms")
Britannia Industries to continue raising prices in Q2 amid high inflation
Between the April-June and July-September quarters of FY23, the biscuit major will take a price hike between 6 per cent and 7 per cent
 "Britannia Industries to continue raising prices in Q2 amid high inflation")
What to expect from the RBI's upcoming monetary policy announcement?
In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent
 "What to expect from the RBI's upcoming monetary policy announcement?")