Page 87 - Latest Updates on Inflation
RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Central bank has to target inflation but with 'awareness of nuances',' she says in interview.
 "RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal")
Fed aims to avoid recession, but it certainly is a possibility: Powell
He said the pace of future rate hikes will depend on whether and how quickly inflation starts to decline, something the Fed will assess on a meeting by meeting basis.
 "Fed aims to avoid recession, but it certainly is a possibility: Powell")
Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell
Its decision-making will be based on the incoming data and the evolving outlook for the economy, Powell said in prepared testimony to the Senate Banking Committee
 "Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell")
Inflation a key monitorable in the near term, says ITC annual report
ITC's FMCG brands crossed annual consumer spend of Rs 24,000 crore and the year also saw about 110 new product launches from the segment
 "Inflation a key monitorable in the near term, says ITC annual report")
Committed to fight inflation but not trying to trigger recession: Fed chair
'It's essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit all,' Fed chair said at a hearing before US Senate Banking Committee
 "Committed to fight inflation but not trying to trigger recession: Fed chair")
Big rate hikes to be the global norm as inflation remains a challenge
With no end in sight to Russia's invasion of Ukraine, commodity prices remain elevated and supply chains remain disrupted
 "Big rate hikes to be the global norm as inflation remains a challenge")
MPC minutes flag inflation worry; aim to bring CPI within target band by Q4
CPI inflation was 7.04% in May. In its June policy review, the MPC raised repo rate by 50 bps to 4.9%, taking the total tally of rate hikes since May to 90 bps
 "MPC minutes flag inflation worry; aim to bring CPI within target band by Q4")
Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
 "Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%")
China Premier Li Keqiang's trip to wheat farm shows food, inflation worries
Li stressed the importance of the wheat harvest this year while touring a farm in Gaobeidian, a city in the northern province of Hebei, Xinhua said on Tuesday
 "China Premier Li Keqiang's trip to wheat farm shows food, inflation worries")
Indian economy: Not just a twin but a triple-deficit problem looms
While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face
Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
 "Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%")
Rupee ends at record low as rebound in crude deepens CAD, inflation worries
Settles at 78.0825 to the dollar as against 77.9800 at 3:30 p.m. on Monday. The previous record closing low for the domestic currency was 78.0700 on June 17
 "Rupee ends at record low as rebound in crude deepens CAD, inflation worries")
Exotic inflation: Price no worry for Indian collectors to get status pets
The prices are no deterrent for those eager to be 'different' or seeking exotic pets as status symbols
 "Exotic inflation: Price no worry for Indian collectors to get status pets")
Inflation spirals: How are Sri Lanka, Turkey and Argentina dealing with it?
Inflation is a headache in India but a life-threatening disease in Sri Lanka, Argentina, and Turkey. Here is how their central banks are battling the necessary evil
 "Inflation spirals: How are Sri Lanka, Turkey and Argentina dealing with it?")
Old is gold: Sky-high cost of ageing ships sounds inflation worldwide
The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record highs
 "Old is gold: Sky-high cost of ageing ships sounds inflation worldwide")
Is there any silver lining for the markets amid current turmoil?
An initial public offer (IPO) and a follow-on public offer (FPO) are two types of public issues available to investors. Here is a breakdown of the differences between the two.
 "Is there any silver lining for the markets amid current turmoil?")
HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge
CLOSING BELL: This was the first gain for benchmark indices in seven days
 "HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge")
PTI supporters stage nationwide protest against inflation in Pakistan
A large number of workers and supporters of Pakistan Tahreek-e-Insaf on Sunday staged protests across the country against rising inflation on the call of party chairman and former PM Imran Khan
 "PTI supporters stage nationwide protest against inflation in Pakistan")
How does MPC function and what is its mandate?
In India, RBI's Monetary Policy Committee had raised the repo rate by 50 basis points early this month. But ever wondered who all are part of this committee and what is its mandate? Let us find out.
 "How does MPC function and what is its mandate?")
Inflation: Looking beyond forecasts
It may be worthwhile to pay attention to what the markets are telling us, as they did during the pandemic, rather than rely on consensus forecasts