Page 17 - Latest Updates on Inflation
Euro zone banks return nearly $308 billion in cheap ECB funding
The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity
 "Euro zone banks return nearly $308 billion in cheap ECB funding")
Economy resilient, but sensitive to global headwinds, says RBI article
With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, an RBI article said on Friday.
 "Economy resilient, but sensitive to global headwinds, says RBI article")
India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin
Data for the July-September quarter will be released at the end of this month
 "India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin")
PE/VC investments drop 75% in October over last year: IVCA-EY report
Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022
 "PE/VC investments drop 75% in October over last year: IVCA-EY report")
Udan levy on airlines to double from Jan due to inflation, route expansion
The official added that a 20 per cent contribution from state governments to the regional connectivity fund had been factored in while proposing the hike
 "Udan levy on airlines to double from Jan due to inflation, route expansion")
2023 will be a challenging year for emerging markets: Moody's report
In a report, Moody's said next year will present a challenging backdrop for EMs
 "2023 will be a challenging year for emerging markets: Moody's report")
Canada's inflation steady at 6.9% in Oct: National statistical agency
According to Statistics Canada, in October, higher prices at the gas pump put upward pressure on the all-items CPI
 "Canada's inflation steady at 6.9% in Oct: National statistical agency")
Technical recession has become more likely, says European Central Bank
A technical recession is two or more consecutive quarters of declining economic output
 "Technical recession has become more likely, says European Central Bank")
Bank borrowings up 2x amid rush to fund credit growth, shows RBI data
As liquidity shrinks, lenders' reliance on short-term funding routes increases
 "Bank borrowings up 2x amid rush to fund credit growth, shows RBI data")
RBI likely to go for smaller rate hikes as inflation eases: Analysts
The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now.
 "RBI likely to go for smaller rate hikes as inflation eases: Analysts")
Inflation in India less as compared to US, UK, other nations: Rajnath Singh
According to Singh, exports in the defence sector have risen from Rs 900 crore in 2014 to Rs 18,000 crore this year
 "Inflation in India less as compared to US, UK, other nations: Rajnath Singh")
IMF says global economic outlook getting 'gloomier', risks abound
IMF blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions
 "IMF says global economic outlook getting 'gloomier', risks abound")
Year 2023 will be year of disinflation in Asia: Morgan Stanley report
The year 2023 will be the year of disinflation (inflation at slow rate) in Asia, said Morgan Stanley in a research report.
 "Year 2023 will be year of disinflation in Asia: Morgan Stanley report")
India's WPI inflation eases to 8.39% in October from 10.7% in September
The index for manufactured products saw a decline of 0.42 per cent month-on-month (MoM) and the inflation in fuel and power category saw a fall of 1.65 per cent
 "India's WPI inflation eases to 8.39% in October from 10.7% in September")
Inflation, Ukraine war make world economy gloomier than last month: IMF
In last month's WEO, IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in Jan, adding that it sees a 25% probability that growth will slow to less than 2%
 "Inflation, Ukraine war make world economy gloomier than last month: IMF")
Inflation now at manageable level, expect better margins in H2: Pidilite MD
The inflation is still high compared to the past, but it has come down to a 'manageable level', Pidilite Industries Managing Director Bharat Puri has said.
 "Inflation now at manageable level, expect better margins in H2: Pidilite MD")
Expect next inflation print to be below 7%, says RBI Governor Das
May see earlier end to global inflation if supply chains are restored, RBI Governor Shaktikanta Das said Saturday
 "Expect next inflation print to be below 7%, says RBI Governor Das")
Moody's slashes India's GDP growth forecast for 2022 by 70 bps to 7%
Weak rupee, and high oil prices cited as reasons for the downward revision
 "Moody's slashes India's GDP growth forecast for 2022 by 70 bps to 7%")
Amazon becomes world's first listed firm to lose $1 trillion in market cap
Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak
 "Amazon becomes world's first listed firm to lose $1 trillion in market cap")
Biggest challenge for central bankers now to bring inflation down: IMF
"There's really a very narrow path to get things right," Gopinath said, noting that the dollar's sharp rise had important macroeconomic implications for a host of countries around the world
 "Biggest challenge for central bankers now to bring inflation down: IMF")
