Page 50 - Inflation

RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5%

RBI MPC: Shaktikanta Das said that the repo rate hike of 25 bps is considered appropriate at this juncture but the monetary policy will remain agile to inflation

RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3%

Need to see decisive decline in inflation, core inflation still sticky, says RBI governor

RBI MPC: When and where to watch policy announcement by Shaktikanta Das

RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'

Top headlines: Two-wheeler EVs under fire, Vivad se Vishwas-II, and more

Business Standard brings you the top headlines at this hour

Germany sees record decline in real earnings by 4.1% due to high inflation

Real earnings in Germany declined by 4.1 per cent in 2022 year-on-year due to rising consumer prices. This was the sharpest drop since the start of the time series in 2008

Before the pause

Overall conditions call for another rate hike

Assam, Odisha among states clocking high rural inflation than urban in FY23

Assam, Haryana, Madhya Pradesh, Manipur, Mizoram, Odisha, Uttarakhand, West Bengal, and Delhi experienced higher rural inflation than urban inflation

RBI's 3-day long MPC meeting starts amid expectations of lower rate hike

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation. The decision of the six-member rate setting panel will be announced by the Governor on Wednesday. With retail inflation showing signs of moderation and remaining below the Reserve Bank of India's 6 per cent upper tolerance level, and projected slowdown in GDP growth in the next fiscal starting April, experts are of the opinion that the central bank may only opt for a 25 basis points hike in the key interest rate. Another opinion is that the RBI may press the pause button on rate hike on Wednesday itself. "We expect the RBI to pause in February policy," State Bank of India's Economic Research Department said in a report titled 'Prelude to MPC Meeting on Feb 6-8, 2023'. In the current rate cycle, it said that rate actions, both hike

Interest rate hikes, global inflationary pressures may impact demand: JLR

Hike in interest rates by central banks globally is expected to enhance financing costs for consumers and could impact future demand, Jaguar Land Rover said in a report. The UK-based marquee brand, which aims to be a full stack battery electric player in the next two years, also pointed out that high rate of inflation exacerbated by the Ukraine conflict, elevated energy prices and post Covid supply disruption as other negative factors. "Increasing interest rates in 2022 (including the UK, USand Europe) will flow through into financing costs for consumers and could impact future demand," the automaker said in its Interim Report for the third quarter. The company is working to offset inflationary trends and other issues like high energy prices through profitability improvement actions, it said. The automaker, which is owned by Tata Motors, said that although constraints continue, chip supply is expected to continue to gradually improve. "Partnership agreements put in place with key

We're looking at acquisitions but won't buy at all costs: Tata Consumer MD

In a Q&A, Sunil D'Souza talks about the company's strategy to launch more D2C brands and his outlook on demand for the company

Expect 25-bp hike before RBI presses pause button

The rate-increase cycle, which started in May 2022, raising the policy rate from 4 to 6.25 per cent to fight entrenched inflation, is nearing its end

Certainly, uncertainty has declined

Over the past year, global macroeconomic stability has improved, which sets the stage for good growth from 2024

RBI Monetary Policy: One last rate hike now but signaling close to the peak

Inflation remains sticky and most G-10 central banks may in any case, continue with rate hikes; given India's resilient growth momentum, the MPC might increase the repo rate one final time

The age of verbiage

Without a modicum of self-restraint, the constant stream of hot takes might end up undermining the informed debate that undergirds all open societies

No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions

Weak consumer sentiment, higher inflation is hurting sales

US dollar climbs in early trade as central banks see inflation risks unwind

The pound slid 0.15% to a more than two-week low of $1.2206 in early Asia trade, after falling 1.2% in the previous session, its largest daily decline in a month

Pakistan inflation hits 48-year high as supplies jammed at ports

Foreign currency reserves have dwindled to a nine-year low of $3.68 billion

EU unveils green industry deal to compete with US' Inflation Reduction Act

EU countries have generally agreed that part of the IRA, Joe Biden's $369-billion package, is a threat to the competitiveness of specific key sectors for the green transition of the European industry

Italy registers 10.1% inflation in Jan: National Institute of Statistics

Prices in Italy rose by 10.1 per cent in January compared to a year earlier, despite a decline in prices for regulated energy products, the National Institute of Statistics (ISTAT) said on Wednesday.

Eurozone inflation slows to 8.5% in January: EU statistical bureau

Inflation in the eurozone peaked at 10.6 per cent last October and has been slowly decreasing since then