WPI-based inflation cools to a six-month low
March food inflation fell to 2.69% in March from 3.75% in February -- the lowest level since November 2021
Food price rises had steadily moderated over the previous four months but likely bottomed in March as the country's farm industry experienced uneven rainfall and heat waves
US consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump's trade wars that have fuelled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan's closely watched consumer sentiment index, released Friday, fell 11 per cent on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. Over the past year, sentiment has tumbled 34 per cent. The decline was pervasive and unanimous across age, income, education, geographic region, and political affiliation, said Joanne Hsu, director of the survey. The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession. While consumer sentiment is not always a reliable indicator of the overall economy, it has at times reflected shifting vibes in how the public feels about presidential .
The RBI has guided that liquidity should be 1-1.5 percent of NDTL
Pessimism about employment conditions dips
Although uncertainties in the global economy have increased significantly because of a sharp increase in tariffs by the United States, the decision for MPC this week was fairly straightforward
Inflation outlook for India improves on sharp decline in food prices and record wheat and pulse production
The LPA for the June to September monsoon months is 868.6 millimetres, according to Skymet, and rainfall between 96-104 per cent of the LPA is considered 'normal'
The one-year OIS rate stands around 5.88%, its lowest level since May 2022, while the five-year rate is around 5.71%, its lowest since February 2022
Also, focus will be on liquidity-related measures to boost transmission of policy rates to bank lending and deposit rates
The new CPI series with an updated base year is slated to come into effect in February 2026, along with a new series for other macro indicators like GDP and IIP
Central bank's role has expanded significantly beyond initial mandate, he says
Is a weaker rupee good or bad for India's economy? From rising inflation and trade deficits to the RBI’s role in currency stability, we break it all down.
The RBI shall continue to be supportive to manage excessive volatility without targeting any particular level or band of exchange rate, said Malhotra
Australians will go to the polls on May 3 for general elections with high costs of living and a shortage of housing likely weighing against the government as Prime Minister Anthony Albanese's centre-left Labour Party seeks a second three-year term. Albanese drove to Governor-General Sam Mostyn's official residence on Friday to trigger the election and announced the date later at a news conference at Parliament House. "Over the last few years, the world has thrown a lot at Australia. In uncertain times, we cannot decide the challenges that we will face, but we can determine how we respond," Albanese said. "Our government has chosen to face global challenges the Australian way: helping people under cost-of-living while building for the future," he added. Many expect opposition leader Peter Dutton's conservative coalition to pick up seats in the House of Representatives. An Australian government has not been ousted after a single term since 1931, when the nation was grappling with th
Accenture said last week discretionary spending has picked up in financial services and in the US
"The Bank of Russia estimates that the achieved tightness of monetary conditions creates the necessary prerequisites for returning inflation to the target in 2026," the regulator said in a statement
Minutes from the meeting showed that eight members voted to keep policy unchanged, with one backing a quarter-point reduction
The inflation was led by acceleration in the prices of manufactured goods categories like food products