American brokerage BofA Securities on Friday said the Indian economy continues to be “weak”, pointing to activity indicators tracked by it. On the positive side, the brokerage said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling. It can be noted that there has been a slew … Read more
The Reserve Bank is likely to keep the benchmark interest rate unchanged at its bi-monthly monetary policy review outcome to be announced on Friday, but may revise growth estimates in view of the September quarter GDP turning out to be better than RBI‘s earlier projections. According to experts, the stubborn retail inflation, which has remained … Read more
Synopsis The presence of myriad supply constraints, both temporary and permanent, often means that there are periodic spurts in some prices that pushes up headline inflation. These supply problems could show up in items as diverse as onions and healthcare. Flexibility must remain the cornerstone of the new framework. By Abheek BaruaReserve Bank of India … Read more
New Delhi: The growing threat of stagflation for the Indian economy and persistence of retail inflation above 6 per cent may lead to rise in interest rates, a domestic ratings agency said on Wednesday. The uncertain outlook on inflation in the short term has already led the Monetary Policy Committee (MPC) to hold the interest … Read more
Over the next three days, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will meet for what would ordinarily have been the last meeting of the present MPC. Except that there’s nothing remotely ordinary about the present. So, even though the term of the three external members ends in September 2020 and, under … Read more