The survey showed that Pakistan registered 29.2 per cent inflation from July 2022 to May 2023, against 11 per cent in the same period last year and far ahead of the target of 11.5 per cent for FY2023.
The price incentives will result in higher production, which will translate into lower prices and bring down inflation, experts said.
High inflation, which has remained a key concern for policymakers, has begun cooling off in recent months. The retail inflation rate dropped sharply for the second straight month, hitting an 18-month low of 4.7 percent in April, but still stays above the RBI's target of 4 percent.
By keeping everything on hold at the June meeting, the RBI has kept all its options open to deal with the upcoming challenges
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With Indian Equities heading for an all-time closing highs as foreign funds piled into the market, lured by the promise of faster economic growth and an extended pause on interest rates. Furthermore, Reserve Bank of India also maintaining a pause on repo rates and revising lower CPI Inflation targets, markets have more reason to rejoice. Czar of small-cap stocks, Porinju Veliyath talks about bullish stance on Indian equities, new bets in small-cap space. Get to know his checklist for buying a stock.
As per the RBI's latest forecasts, headline retail inflation is seen averaging 5.1 percent in 2023-24
Reserve Bank of India Governor Shaktikanta Das announces the second bi-monthly monetary policy for the current fiscal. Watch the announcements on repo rates, inflation, growth forecasts.
The central bank's April-June 2023 CPI inflation forecast has been cut to 4.6 percent from 5.1 percent, but the forecasts for the second half of 2023-24 were left unchanged
Despite heat waves across the agriculture-dependent country, rises in food prices are expected to be kept in check by lower input costs and the government's regular intervention to curb price spikes.
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Australia's Bureau of Meteorology has shifted its El Niño outlook from 'watch' to 'alert', suggesting that there was a 70 percent chance of an El Niño event developing this year. El Nino has often been linked to weak monsoon rains in India
If there is no change in rates, stable growth in consumption is likely to lead to higher GDP growth. As of now, prices have stabilised which will further induce the growth in domestic demand
The Indian central bank looks at a variety of economic indicators before making its interest rate decision. How have some of these data points moved since the Monetary Policy Committee last met?
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Lagarde's remarks reinforced her earlier statements indicating the ECB was not done raising rates even after inflation fell by almost a full percentage point in May, to 6.1%.
Inflation expectations are keenly eyed by policymakers as anchoring them is critical to ensuring price stability
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The government's wholesale inflation-indexed bonds were issued in 2013. But they were as good as dead in less than a year after seismic changes in Indian policy.
A surge in savings and minimal income disruption to cash-rich home buyers during the pandemic led to a rise in demand that has made the market more resilient to interest rates than initially expected.
Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.
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The metal has applications across sectors and is often used as an indicator on the health of an economy
Quant funds take a lot of unwarranted blame whenever volatility soars or seems unusually low
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