Central bankers’ models need to increase emphasis on supply side: Shaktikanta Das

Central bankers’ models need to increase emphasis on supply side: Shaktikanta Das

KOLKATA: Central bankers may have to junk their historical economic models to handle crises in the future after they were found deficient during the pandemic, with the global economy undergoing a paradigm shift spawned by rapidly altering labour dynamics and advancements in artificial intelligence, said the governor of the Reserve Bank of India (RBI). Emerging … Read more

RBI’s nimble and flexible in managing liquidity: Guv

RBI’s nimble and flexible in managing liquidity: Guv

Mumbai: The Reserve Bank of India (RBI) will inject or absorb funds in the banking system in a nimble manner, depending on deficit or surplus conditions, top central bank officials said, adding that when interest rates are the principal tool of monetary policy, liquidity is used to achieve a certain rate. “As (RBI) governor has … Read more

Gold gains sharply on anticipation of hefty Fed rate cut next year

Gold gains sharply on anticipation of hefty Fed rate cut next year

The week ending December 1 was marked by speeches of two important Federal Reserve officials – Waller, the Federal Reserve Governor and Powell, the Federal Reserve’s Chair. Financial markets construed the much awaited Powell‘s speech Friday as decisively dovish as he did not seem to push hard against the markets’ expectations of hefty rate cuts … Read more

Goods demand fades, services holds out hope

Goods demand fades, services holds out hope

The pent-up demand fuelled by pandemic time savings is beginning to peter out for goods, but may last for some more time for services, say economists. Overall consumer demand is also expected to come under pressure from tighter monetary conditions and lesser pull from rural India. However, high-end consumption is expected to provide some support. … Read more

Learn with ETMarkets: How does monetary policy easing impact gold investments?

Learn with ETMarkets: How does monetary policy easing impact gold investments?

As the global economic landscape continues to evolve, investors are keeping a keen eye on the prospects of various assets. Gold, often regarded as a safe-haven investment, has been a topic of interest, and its future appears increasingly promising. The main reason behind this optimistic outlook is the anticipated monetary policy easing expected to take … Read more

Takeaways from RBI MPC meet: Das & Co suggest there’s more than the status quo

Takeaways from RBI MPC meet: Das & Co suggest there’s more than the status quo

In the recently concluded meeting of the Monetary Policy Committee, chaired by Reserve Bank of India Governor Shaktikanta Das, the panel unanimously decided to keep the repo rate- the key lending rate- unchanged at 6.5 per cent for the fourth time in a row, also leaving its policy stance unchanged with focus on withdrawal of … Read more

RBI likely to maintain status quo on benchmark interest rate: Experts

RBI likely to maintain status quo on benchmark interest rate: Experts

Mumbai: The Reserve Bank is likely to maintain the status quo on the benchmark interest rate at its bi-monthly monetary policy review to be announced on Friday in view of elevated inflation and global factors, say experts. The Reserve Bank started increasing the policy rate in May 2022 in tranches in the wake of the … Read more

BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini

BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini

The European Central Bank and Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned. The famously pessimistic Roubini said the recent rise in oil prices will keep headline inflation high and that any talk of easier monetary policy would be premature. The … Read more

No appetite at Fed, ECB for changing inflation goal

No appetite at Fed, ECB for changing inflation goal

Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a tweaking were dashed on Friday by the chiefs of the two institutions. Gathering in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas City economic symposium, both Fed … Read more

ETMarkets Fund Manager Talk- Market uptrend to continue as India economically better positioned vs world economies: Anand Varadarajan

ETMarkets Fund Manager Talk- Market uptrend to continue as India economically better positioned vs world economies: Anand Varadarajan

MUMBAI – Short-term corrections notwithstanding, the longer trajectory for Indian equities remains positive as the country is economically better positioned compared to most other world economies, believes market expert Anand Varadarajan. “India fares better than most large economies in various macroeconomic indicators, including inflation, monetary policy, GDP growth, financial market stability etc. These factors will … Read more