Page 6 - Latest Updates on Inflation
Further tightening could push growth down to 5%: MPC member Ashima Goyal
Continuing to raise nominal repo rates until core inflation falls could imply an overshooting or excess tightening of real rates, says the MPC member in an interview with Business Standard
 "Further tightening could push growth down to 5%: MPC member Ashima Goyal")
Growth is fragile, real interest rates too high: MPC member Jayanth Varma
In an interview with Business Standard, MPC member Jayanth Varma says the committee should not tie its hands by adopting the withdrawal of accommodation stance
 "Growth is fragile, real interest rates too high: MPC member Jayanth Varma")
After wild swing, jeera prices fall 22% on hopes of higher output
Prices jumped 140% till Jan; farmers expect a repeat as heat wave, shift to other crops may keep output down
 "After wild swing, jeera prices fall 22% on hopes of higher output")
Treasury Bill yields soar over tighter liquidity, inflation worries
Yield curve flattens; T-bill, 10-year bond spread now at 16 bps versus 222 bps a year ago
 "Treasury Bill yields soar over tighter liquidity, inflation worries")
RBI MPC minutes show deepening concerns over inflation pressures
Disinflation can't rely only on food, must be firm in inflation fight, says RBI Das
 "RBI MPC minutes show deepening concerns over inflation pressures")
New Zealand hikes key rate to 4.75% to fight inflation despite cyclone
The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic pain that a devastating cyclone is already inflicting on people
 "New Zealand hikes key rate to 4.75% to fight inflation despite cyclone")
Sticky inflation to nudge RBI to hike interest rates once more: Poll
The survey also showed inflation was likely to remain sticky at 6.00% this quarter, higher than the RBI's forecast of 5.70%
 "Sticky inflation to nudge RBI to hike interest rates once more: Poll")
Bitcoin extends rebound with year-to-date gain at 50%; defies macro peril
Bitcoin's year-to-date gain has now reached 50% after a further jump in February, contrasting with a retreat in global equities this month courtesy of a macroeconomic environment replete
 "Bitcoin extends rebound with year-to-date gain at 50%; defies macro peril")
India, China to contribute more than half of global growth this year: IMF
IMF added that the central banks across Asia need to stay 'alert' as the core inflation is still high, and the re-opening of China's economy may push inflation up due to higher demand
 "India, China to contribute more than half of global growth this year: IMF")
FM Nirmala Sitharaman defends RBI: 'Reining in inflation, capital outflows'
India's retail inflation reversed its downward trend in January at 6.52 per cent and once again breached the central bank's upper tolerance limit
 "FM Nirmala Sitharaman defends RBI: 'Reining in inflation, capital outflows'")
State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned
Bonds allocated at 8.2% coupon with call option in 2033
 "State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned")
RBI will take required action to keep inflation in check: FM Sitharaman
In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year
 "RBI will take required action to keep inflation in check: FM Sitharaman")
Moldova protesters want energy subsidies amid cost-of-living crisis
Several thousand protesters rallied in Moldova's capital Sunday to demand that the country's new pro-Western govt fully cover citizens' winter heating bills amid a cost-of-living crisis
 "Moldova protesters want energy subsidies amid cost-of-living crisis")
Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%
The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates
 "Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%")
India limits wheat exports through the govt route as prices rise
This is starting from November last year
 "India limits wheat exports through the govt route as prices rise")
Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO
The rural FMCG market, which has witnessed a decline in the last 4-5 quarters, is expected to have a turnaround in the next 2-3 quarters, he said
 "Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO")
Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears
In Asian trading, Tokyo's Nikkei 225 fell 0.7 per cent to 27,513.13 and the Kospi in South Korea sank 1 per cent to 2,450.20
 "Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears")
Low growth, high inflation, unemployment burdening people: Chidambaram
P Chidambaram alleged that low growth, high inflation and unemployment are putting "intolerable burdens" on people, as he asked the govt to candidly tell them what are the growth prospects in 2023-24
 "Low growth, high inflation, unemployment burdening people: Chidambaram")
Rural wage growth trailing inflation, govt should continue support: Report
Rural inflation had remained above urban inflation in the first half of 2022, it said, adding that rural consumption declined and average rural unemployment decreased
 "Rural wage growth trailing inflation, govt should continue support: Report")
Fossil fuel related items contributed 20% to annual inflation rate of India
Fossil-fuel related items -- transport and household energy -- contributed about 20 per cent to India's annual rate of inflation between April and May 2022, said a report by Cambridge Econometrics
 "Fossil fuel related items contributed 20% to annual inflation rate of India")
