Page 49 - Latest Updates on Inflation
RBI monetary policy review: Direction for repo rate is clearly northwards
The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming
 "RBI monetary policy review: Direction for repo rate is clearly northwards")
RBI monetary policy review: Further repo rate hikes clearly on the cards
The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead
 "RBI monetary policy review: Further repo rate hikes clearly on the cards")
RBI likely to raise interest rate by 25 bps-50 bps today: Experts
RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it
 "RBI likely to raise interest rate by 25 bps-50 bps today: Experts")
Will a rate hike by RBI help tame inflation?
The US Fed nudged up its interest rates to tame inflation that leapt to 8.5%. Worldwide, central banks resort to rate hikes to reduce inflation. But does it always work? This report explains more
 "Will a rate hike by RBI help tame inflation?")
Oil shock devastates poorer nations as shortages, protests mount
Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices
 "Oil shock devastates poorer nations as shortages, protests mount")
Analysts take a bite of premium QSR stocks as restaurants hike prices
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
 "Analysts take a bite of premium QSR stocks as restaurants hike prices")
'Hiring demand up 9% in May led by telecom, BFSI, import-export sectors'
The job market continued to show growth for the second consecutive month of FY23 with a benchmark year-on-year recovery of 9 per cent in May, according to the Monster Employment Index (MEI).
 "'Hiring demand up 9% in May led by telecom, BFSI, import-export sectors'")
Global stocks shaky as hawkish Reserve Bank of Australia heightens worries
Reserve Bank of Australia raised rates by most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, driving a brief spike in the Aussie and hitting local shares
 "Global stocks shaky as hawkish Reserve Bank of Australia heightens worries")
Best of BS Opinion: The inflation spectrometer, dial down rhetoric & more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: The inflation spectrometer, dial down rhetoric & more")
The inflation spectrometer
Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors
 "The inflation spectrometer")
Sri Lanka holds its breath as PM Wickremesinghe fights to save economy
Sri Lankans are struggling to access the bare necessities like food, fuel, medicine, cooking gas and even toilet paper and matches.
 "Sri Lanka holds its breath as PM Wickremesinghe fights to save economy")
Rate hike for sure, but by how much, Governor?
It's time the central bank talked about 'appropriate' liquidity instead of 'adequate' liquidity
 "Rate hike for sure, but by how much, Governor?")
Inflation: How bad for stocks?
If monetary tightening affects discretionary spending (of the middle class and the poor) and non-essential assets mainly, how will demand for the essential items shrink?
 "Inflation: How bad for stocks?")
After the rate hike
Policy will depend on RBI's inflation projection
 "After the rate hike")
Demand falls as price hike forces consumers to go for smaller packs
Sales in urban areas in May were down 16 per cent and those in rural parts 16.6 per cent (against April)
 "Demand falls as price hike forces consumers to go for smaller packs")
Pakistan's May inflation highest since 2020; FM blames Imran govt
In May, the cash-starved South Asian nation's consumer price index (CPI) stood at 13.76 per cent -- the highest in two and half years
PMI: Service activity touches 11-year high of 58.9 in May on strong demand
Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic restrictions
 "PMI: Service activity touches 11-year high of 58.9 in May on strong demand")
S Korea's inflation nears 14-yr high in May on high energy, food costs
South Korea's inflation growth hit a nearly 14-year high in May due to high energy and food costs due to the ongoing war between Russia and Ukraine and the economic recovery
 "S Korea's inflation nears 14-yr high in May on high energy, food costs")
US technology sector sees record job cuts in May amid rising inflation
It is the highest monthly total since December 2020 when tech companies cut as many as 5,253 jobs
 "US technology sector sees record job cuts in May amid rising inflation")
Policy tightening to pressure FY23 numbers, deficit seen at 6.7%: Report
The government has pegged the combined fiscal shortfall at 9.8 per cent of which the central deficit is seen at 6.4 per cent (down from 6.7 per cent in FY22) and states' at 3.4 per cent for FY23.
 "Policy tightening to pressure FY23 numbers, deficit seen at 6.7%: Report")
