Page 17 - Latest Updates on Inflation
IMF warns of stubborn inflation and weaker global growth in the coming year
In most countries, the IMF, an institution charged with monitoring the health of the global economy, foresees inflation remaining above central bank targets until 2025
 "IMF warns of stubborn inflation and weaker global growth in the coming year")
Inflation seen easing to 5.50% in Sept on softening food price rises: Poll
Inflation, as measured by the annual change in the CPI , was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct. 3-9 Reuters poll of 66 economists
 "Inflation seen easing to 5.50% in Sept on softening food price rises: Poll")
Inflation expectations moderate in September 2023, says RBI survey
The results of the September 2023 round of its bi-monthly survey were released alongside the monetary policy review
 "Inflation expectations moderate in September 2023, says RBI survey")
Monetary policy review: Challenging the status quos and dilemmas
Inflation should remain largely range bound in the coming months (5-6 per cent)
 "Monetary policy review: Challenging the status quos and dilemmas")
China's demographic tea leaves
Its economic problems due to ageing, low birth rate, and poor gender ratios should serve as a wake-up call for India
 "China's demographic tea leaves")
RBI's decision will support growth and check inflation, say experts
The Reserve Bank will announce the next bi-monthly monetary policy on December 8
 "RBI's decision will support growth and check inflation, say experts")
Many families facing true hardships from unabated increase in prices: Cong
Congress general secretary Jairam Ramesh's attack on the government came after the Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row
 "Many families facing true hardships from unabated increase in prices: Cong")
RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
 "RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements")
Policy rate unchanged at 6.5%, FY24 inflation forecast retained at 5.4%
RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC
 "Policy rate unchanged at 6.5%, FY24 inflation forecast retained at 5.4%")
RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
 "RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das")
Best of BS Opinion: Inflation risks, real estate rollercoaster & more
Here is the best of Business Standard's opinion pieces for today
India caught between Davids & Goliaths in global clean energy face-off
The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product
 "India caught between Davids & Goliaths in global clean energy face-off")
US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007
Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday
 "US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007")
Inflation woes nix chances of India yield curve steepening: Traders
The government bond yield curve has remained flat for the past few weeks, with the four- and five-year yields at around 7.25% and the 10-year benchmark bond yield at 7.23%
 "Inflation woes nix chances of India yield curve steepening: Traders")
Retaining retail inflation at 4% an unaccomplished dream since 2019-20
The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal
 "Retaining retail inflation at 4% an unaccomplished dream since 2019-20")
Expects it to be appropriate to raise rates further: US Fed Governor
Bowman, in prepared remarks to a banking conference, said inflation remains too high and expects progress in lowering it to be slow "given the current level of monetary policy restraint."
 "Expects it to be appropriate to raise rates further: US Fed Governor")
Oil pares gains ahead of US Fed's comments on interest rate moves
U.S. West Texas Intermediate crude futures were largely steady, up just 12 cents to $90.91 a barrel, after also jumping more than a $1 in earlier trading, and after losing 92 cents on Friday
 "Oil pares gains ahead of US Fed's comments on interest rate moves")
Pakistan's inflation rises to 31.4% in Sept amid high energy prices
Interest rates also risen to their highest at 22%, and Pak rupee hit all-time lows in Aug before recovering in Sept to become best performing currency following clampdown on unregulated FX trade
 "Pakistan's inflation rises to 31.4% in Sept amid high energy prices")
Good progress on bringing down inflation, says British PM Rishi Sunak
"Inflation is making people feel poorer, the quicker we bring inflation down the better it is, and that is why it is the right priority, and we are making good progress," Sunak told the BBC
 "Good progress on bringing down inflation, says British PM Rishi Sunak")
Expect status quo on rate and no change in stance
As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise
 "Expect status quo on rate and no change in stance")
