Page 48 - Latest Updates on Inflation
Bank of England set to raise rates again as inflation heads for 10%
That would take Bank Rate to 1.25%, its highest level since January 2009, when Britain's economy was holed by the global financial crisis
 "Bank of England set to raise rates again as inflation heads for 10%")
Wall Street ends down sharply as inflation data intensifies investor fears
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
 "Wall Street ends down sharply as inflation data intensifies investor fears")
Zimbabweans are counting their toes as inflation soars more than 130%
An internet rumour blazed through the country that desperate people were selling their toes for cash
 "Zimbabweans are counting their toes as inflation soars more than 130%")
Credit's rout is so severe that double-digit losses are the norm
Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show
 "Credit's rout is so severe that double-digit losses are the norm")
With earnings risk, valuations aren't really compelling: Edelweiss Fin head
In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain
 "With earnings risk, valuations aren't really compelling: Edelweiss Fin head")
Japanese yen jumps after govt, central bank sound intervention warning
Japan's yen has been battered by traders wagering that BOJ will stick with its ultra-accommodative policy stance just as the Fed and other central banks accelerate their tightening to tame inflation
 "Japanese yen jumps after govt, central bank sound intervention warning")
Money for crisis-hit Ukraine tops G7 agenda; inflation, food a concern
IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation
 "Money for crisis-hit Ukraine tops G7 agenda; inflation, food a concern")
European Central Bank raises 2022 inflation forecast to 6.8% from 5.1%
The ECB now sees inflation over its 2 per cent target throughout its projection horizon, accepting that rapid price growth is not nearly as temporary as it had forecast for the past year
 "European Central Bank raises 2022 inflation forecast to 6.8% from 5.1%")
Wage cost inflation may moderate IT players' profit margins by 1.5%
The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22
 "Wage cost inflation may moderate IT players' profit margins by 1.5%")
Market correction insufficient and pressure to continue, says Nomura
They could correct another 5% to 15% due to stress in the macro economy, says the brokerage.
 "Market correction insufficient and pressure to continue, says Nomura")
What is stagflation?
Global asset management firm Bernstein has said that markets should brace for tough days ahead, as India was staring at stagflation. It is marked by high inflation and stagnant economic growth
 "What is stagflation?")
Europe's central bank to hike rates in July to tame prices, 1st in 11 years
The bank is making a sharp turn from supporting the economy during the COVID-19 pandemic to squelching inflation that has hit record levels in the 19 countries that use the euro.
 "Europe's central bank to hike rates in July to tame prices, 1st in 11 years")
Amid inflation, ECB cements July liftoff with bond-buying to end in 3 weeks
The European Central Bank confirms its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts
Charting course out of stimulus, ECB to signal rate hikes to curb inflation
With inflation at a record-high 8.1% and broadening quickly, the ECB has already flagged a series of moves, hoping to stop rapid price growth from morphing into a hard-to-break wage-price spiral.
 "Charting course out of stimulus, ECB to signal rate hikes to curb inflation")
RBI is getting its way on policy rates. But how long will this last?
It will be interesting to see if Shaktikanta Das can keep his political masters in good humor. Or if his relationship with the government - like that of his two predecessors - will also start to fray
 "RBI is getting its way on policy rates. But how long will this last?")
OECD slashes growth outlook, but sees limited stagflation risk
Says world economy to grow 3% this year, much less than the 4.5% expected earlier
 "OECD slashes growth outlook, but sees limited stagflation risk")
RBI MPC: What should borrowers & depositors do amid rising interest rates?
The RBI on Wednesday again nudged up the repo rate by 50 basis points. The move will push up borrowing costs, from home to auto loans. What should depositors and borrowers do in this scenario?
 "RBI MPC: What should borrowers & depositors do amid rising interest rates?")
RBI monetary policy: Missing inflation mandate now a 'fait accompli'
Consumer price index-based inflation, the yardstick of the RBI in monetary policy making, was, on average, above 6 per cent during the January-March quarter
 "RBI monetary policy: Missing inflation mandate now a 'fait accompli'")
StanChart CEO sees shallow and short recession by early 2023: Here's why
"I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday
 "StanChart CEO sees shallow and short recession by early 2023: Here's why")
RBI bats for cut in state taxes on petrol, diesel to ease inflation
Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das
 "RBI bats for cut in state taxes on petrol, diesel to ease inflation")
