Page 8 - Inflation Rise

Sri Lanka increases key interest rates to 21-year high to fight inflation

In an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of Sri Lanka's decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 14.50 per cent and 15.50 per cent, respectively.

Turkey's inflation hits two-decade high of 78.6%: Official data

Turkey's annual inflation surged to 78.62 per cent in June, the highest since 1998, the Turkish Statistical Institute announced on Monday.

Most asset classes bled in the first 6 months of CY22, shows data

Domestic large-caps performed well when compared with global peers, with the Sensex dropping 9 per cent in the first six months of CY22 against a 20 per cent fall in the MSCI World index

'No guarantee' Fed can tame inflation, spare jobs, says Jerome Powell

Federal Reserve Chair Jerome Powell said there's no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal, Powell repeated his hope that the Fed can achieve a so-called soft landing raising interest rates just enough to slow the economy and rein in surging consumer prices without causing a recession and sharply raising the unemployment rate. We believe we can do that. That is our aim,'' he said. But the Russian invasion of Ukraine, he said, had made the job more difficult by disrupting commerce and driving up the price of food, energy and chemicals. It's gotten harder,'' Powell said. The pathways have gotten narrower.'' ECB President Christine Lagarde echoed the major impact" of energy shocks, which are rippling worldwide but felt acutely in Europe because of its reliance on Russian oil and natural gas. She also pointed to Europe's proximity to the war in Ukraine and said how

RBI prioritising inflation over growth to maintain price levels: Official

The Reserve Bank of India is prioritising inflation over growth, which is manifested by the recent hikes in repo rate, an official of the central bank said on Friday. Speaking at an interactive session organised by the Merchants' Chamber of Commerce and Industry here, he also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19 pandemic. "Central banks across the globe will raise interest rates in future owing to much higher than expected inflation. This is a major risk, said Radha Shyam Ratho, Executive Director, RBI. He said the RBI is giving priority to inflation over growth so that the level of price rise remains within targets without affecting growth. The apex bank had recently raised the interest rate by 50 basis points to a two-year high of 4.9 per cent. The rate hike came on the back of a 40 basis-point increase effected at an unscheduled meeting on May 4. Ratho said the bond market h

Bankers hail RBI's monetary policy focus on taming inflation rate

Bankers hailed the Reserve Bank's monetary policy focus on taming inflation and said the move reflects RBI's continued effort towards non-disruptive trade-off between price stability and growth

After 4.1% GDP growth in Q4, what next for the Indian economy?

The Indian economy grew by 4.1% in March quarter. While the overall growth for FY21-22 was 8.7%, against the contraction of 6.6% in FY21. What do these numbers say about the economy?

After 4.1% GDP growth in Q4, what next for the Indian economy?

The Indian economy grew by 4.1% in March quarter. While the overall growth for FY21-22 was 8.7%, against the contraction of 6.6% in FY21. What do these numbers say about the economy?

Limited downside in markets provided inflation remains in check: Analysts

Peaking of inflation, analysts believe, could put a cap on bond yields and a floor on equity valuations

Distressing times await metals and OMCs

The govt has levied duties on steel exports to curb inflation. But it came as a setback for the metal and oil marketing companies. Find out the impact of this policy decisions and the sector outlook

India's inflation set to average at 9-year high of 6.9% in FY23: Ind-Ra

The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said

What is CPI-based inflation?

The government and RBI are also circumspect as soaring inflation is hitting the common man hard. But what is CPI-based inflation and how is it calculated? Let us understand

Inflation getting broad-based, RBI set to hike repo by 100 bps: CRISIL

The RBI hiked its key rate by 0.40 per cent in a surprise move last week while keeping an accommodative stance

Portuguese CPI records inflation rise of 1.9% points from March-April' 22

"Since the beginning of 2022, the year-on-year rate of change of the CPI has shown a significant acceleration," the INE was quoted by Xinhua news agency as saying

RBI should raise rates more to fulfil inflation mandate, regain credibility

Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.

India's services activity at 5-month high in Apr despite inflation worries

While input costs increased at the fastest rate in nearly 14 years, prices charged rose at their quickest rate in around half a decade.

Bond yield shoots up; another interest rate hike likely in June

Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too

TMS Ep154: BBNL-BSNL merger, Rajesh K Mediratta, markets, Android Go

Will BBNL-BSNL merger expedite Bharat Net project? What's Rajesh K Mediratta's take on transparency of Indian Gas Exchange? Are inflation worries overstretched? What is Android Go? All answers here

Global shares pause on inflation view; oil steady on Ukraine talks

In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low

Sri Lanka raises key interest rates by 700 basis points to 14.5%

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply