Page 86 - Latest Updates on Inflation
ECB ready to 'stamp out' surging inflation with rate hike in July, Sept
With new inflation figures due out Friday, Lagarde said the bank is using the dual approach to be able to respond to economic uncertainty.
 "ECB ready to 'stamp out' surging inflation with rate hike in July, Sept")
Zimbabwe central bank raises key rate to 200% amid rising inflation
The monetary policy committee more than doubled the key rate to 200% from 80%, Governor John Mangudya said in a statement on Monday
 "Zimbabwe central bank raises key rate to 200% amid rising inflation")
The art and science of managing inflation
The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty
 "The art and science of managing inflation")
Persistent inflation to impact demand across categories: TCPL chairman
The current operating environment remains highly volatile and persistent inflation will likely impact demand across categories, Tata Consumer Products Ltd Chairman N Chandrasekaran said
 "Persistent inflation to impact demand across categories: TCPL chairman")
Banking body BIS urges decisive wave of global rate hikes to stem inflation
Surging energy and food prices mean inflation in many places is now its hottest in decades
 "Banking body BIS urges decisive wave of global rate hikes to stem inflation")
Taming inflation
The US Fed might be able to get the job done at a lower cost than is widely feared
 "Taming inflation")
Banking body BIS urges decisive wave of global rate hikes to stem inflation
Leading economies at risk of falling into high-inflation trap, says Bank for International Settlements
 "Banking body BIS urges decisive wave of global rate hikes to stem inflation")
Global dealmaking braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.
 "Global dealmaking braces for dry spell as boardrooms put expansion on hold")
The RBI MPC serves no purpose other than cosmetic and should be dismantled
There are two insurmountable hurdles in the path of RBI's independence on monetary policy. These hurdles make committees redundant
Signs that inflation is peaking amid global monetary policy action: Patra
The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic
 "Signs that inflation is peaking amid global monetary policy action: Patra")
Global M&A braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity
 "Global M&A braces for dry spell as boardrooms put expansion on hold")
Easing commodity prices aid market rally; indices jump 2.6% during week
FPI selling in June nears Rs 50,000 crore
 "Easing commodity prices aid market rally; indices jump 2.6% during week")
Oil rises almost $2 a barrel, still set for weekly drop on recession fears
U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets
 "Oil rises almost $2 a barrel, still set for weekly drop on recession fears")
Rupee slips by 1 paisa, settles at all-time low of 78.33 against US dollar
During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency.
 "Rupee slips by 1 paisa, settles at all-time low of 78.33 against US dollar")
Top headlines: Parameswaran is new NITI CEO, Toyota to deepen ties in India
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said
 "Top headlines: Parameswaran is new NITI CEO, Toyota to deepen ties in India")
Chidambaram criticises Centre on state of Indian economy amid FPI outflows
Senior Cong leader P Chidambaram criticised the govt over the state of the Indian economy, asking if it was in the "pink of health" after high fiscal deficit, inflation
 "Chidambaram criticises Centre on state of Indian economy amid FPI outflows")
Inflation likely to exceed top of RBI band until December: Shaktikanta Das
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article
 "Inflation likely to exceed top of RBI band until December: Shaktikanta Das")
Dept of Expenditure warns against extending the free food scheme: Report
In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation
 "Dept of Expenditure warns against extending the free food scheme: Report")
Hindustan Unilever to take further price hikes despite volumes taking a hit
Country going through probably the most difficult economic situation, says chairman
 "Hindustan Unilever to take further price hikes despite volumes taking a hit")
Canada's consumer inflation rises 7.7%, surges to 39-year high: Official
Canada's consumer inflation rose to 7.7 per cent year over year in May, the largest yearly increase since January 1983, authorities said
 "Canada's consumer inflation rises 7.7%, surges to 39-year high: Official")