Page 90 - Latest Updates on Inflation
What is stagflation?
Global asset management firm Bernstein has said that markets should brace for tough days ahead, as India was staring at stagflation. It is marked by high inflation and stagnant economic growth
 "What is stagflation?")
Europe's central bank to hike rates in July to tame prices, 1st in 11 years
The bank is making a sharp turn from supporting the economy during the COVID-19 pandemic to squelching inflation that has hit record levels in the 19 countries that use the euro.
 "Europe's central bank to hike rates in July to tame prices, 1st in 11 years")
Amid inflation, ECB cements July liftoff with bond-buying to end in 3 weeks
The European Central Bank confirms its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts
Charting course out of stimulus, ECB to signal rate hikes to curb inflation
With inflation at a record-high 8.1% and broadening quickly, the ECB has already flagged a series of moves, hoping to stop rapid price growth from morphing into a hard-to-break wage-price spiral.
 "Charting course out of stimulus, ECB to signal rate hikes to curb inflation")
RBI is getting its way on policy rates. But how long will this last?
It will be interesting to see if Shaktikanta Das can keep his political masters in good humor. Or if his relationship with the government - like that of his two predecessors - will also start to fray
 "RBI is getting its way on policy rates. But how long will this last?")
OECD slashes growth outlook, but sees limited stagflation risk
Says world economy to grow 3% this year, much less than the 4.5% expected earlier
 "OECD slashes growth outlook, but sees limited stagflation risk")
RBI MPC: What should borrowers & depositors do amid rising interest rates?
The RBI on Wednesday again nudged up the repo rate by 50 basis points. The move will push up borrowing costs, from home to auto loans. What should depositors and borrowers do in this scenario?
 "RBI MPC: What should borrowers & depositors do amid rising interest rates?")
RBI monetary policy: Missing inflation mandate now a 'fait accompli'
Consumer price index-based inflation, the yardstick of the RBI in monetary policy making, was, on average, above 6 per cent during the January-March quarter
 "RBI monetary policy: Missing inflation mandate now a 'fait accompli'")
StanChart CEO sees shallow and short recession by early 2023: Here's why
"I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday
 "StanChart CEO sees shallow and short recession by early 2023: Here's why")
RBI bats for cut in state taxes on petrol, diesel to ease inflation
Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das
 "RBI bats for cut in state taxes on petrol, diesel to ease inflation")
RBI monetary policy review: Direction for repo rate is clearly northwards
The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming
 "RBI monetary policy review: Direction for repo rate is clearly northwards")
RBI monetary policy review: Further repo rate hikes clearly on the cards
The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead
 "RBI monetary policy review: Further repo rate hikes clearly on the cards")
RBI likely to raise interest rate by 25 bps-50 bps today: Experts
RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it
 "RBI likely to raise interest rate by 25 bps-50 bps today: Experts")
Will a rate hike by RBI help tame inflation?
The US Fed nudged up its interest rates to tame inflation that leapt to 8.5%. Worldwide, central banks resort to rate hikes to reduce inflation. But does it always work? This report explains more
 "Will a rate hike by RBI help tame inflation?")
Oil shock devastates poorer nations as shortages, protests mount
Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices
 "Oil shock devastates poorer nations as shortages, protests mount")
Analysts take a bite of premium QSR stocks as restaurants hike prices
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
 "Analysts take a bite of premium QSR stocks as restaurants hike prices")
'Hiring demand up 9% in May led by telecom, BFSI, import-export sectors'
The job market continued to show growth for the second consecutive month of FY23 with a benchmark year-on-year recovery of 9 per cent in May, according to the Monster Employment Index (MEI).
 "'Hiring demand up 9% in May led by telecom, BFSI, import-export sectors'")
Global stocks shaky as hawkish Reserve Bank of Australia heightens worries
Reserve Bank of Australia raised rates by most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, driving a brief spike in the Aussie and hitting local shares
 "Global stocks shaky as hawkish Reserve Bank of Australia heightens worries")
Best of BS Opinion: The inflation spectrometer, dial down rhetoric & more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: The inflation spectrometer, dial down rhetoric & more")
The inflation spectrometer
Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors
 "The inflation spectrometer")