Page 8 - Latest Updates on Inflation
MPC's optimistic growth outlook augurs well for credit demand
The MPC's optimistic growth outlook for H2 FY2024 augurs well for the credit demand for the banking sector as well as the lenders, said Karthik Srinivasan of Icra
 "MPC's optimistic growth outlook augurs well for credit demand")
RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3%
Need to see decisive decline in inflation, core inflation still sticky, says RBI governor
 "RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3%")
RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5%
RBI MPC: Shaktikanta Das said that the repo rate hike of 25 bps is considered appropriate at this juncture but the monetary policy will remain agile to inflation
 "RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5%")
RBI MPC: When and where to watch policy announcement by Shaktikanta Das
RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'
 "RBI MPC: When and where to watch policy announcement by Shaktikanta Das")
Top headlines: Two-wheeler EVs under fire, Vivad se Vishwas-II, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: Two-wheeler EVs under fire, Vivad se Vishwas-II, and more")
Germany sees record decline in real earnings by 4.1% due to high inflation
Real earnings in Germany declined by 4.1 per cent in 2022 year-on-year due to rising consumer prices. This was the sharpest drop since the start of the time series in 2008
 "Germany sees record decline in real earnings by 4.1% due to high inflation")
Assam, Odisha among states clocking high rural inflation than urban in FY23
Assam, Haryana, Madhya Pradesh, Manipur, Mizoram, Odisha, Uttarakhand, West Bengal, and Delhi experienced higher rural inflation than urban inflation
 "Assam, Odisha among states clocking high rural inflation than urban in FY23")
Before the pause
Overall conditions call for another rate hike
 "Before the pause")
RBI's 3-day long MPC meeting starts amid expectations of lower rate hike
RBI Governor Shaktikanta Das-headed MPC started its three-day meeting amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May 2022
Interest rate hikes, global inflationary pressures may impact demand: JLR
The company is working to offset inflationary trends and other issues like high energy prices through profitability improvement actions
 "Interest rate hikes, global inflationary pressures may impact demand: JLR")
Certainly, uncertainty has declined
Over the past year, global macroeconomic stability has improved, which sets the stage for good growth from 2024
 "Certainly, uncertainty has declined")
We're looking at acquisitions but won't buy at all costs: Tata Consumer MD
In a Q&A, Sunil D'Souza talks about the company's strategy to launch more D2C brands and his outlook on demand for the company
 "We're looking at acquisitions but won't buy at all costs: Tata Consumer MD")
Expect 25-bp hike before RBI presses pause button
The rate-increase cycle, which started in May 2022, raising the policy rate from 4 to 6.25 per cent to fight entrenched inflation, is nearing its end
RBI Monetary Policy: One last rate hike now but signaling close to the peak
Inflation remains sticky and most G-10 central banks may in any case, continue with rate hikes; given India's resilient growth momentum, the MPC might increase the repo rate one final time
The age of verbiage
Without a modicum of self-restraint, the constant stream of hot takes might end up undermining the informed debate that undergirds all open societies
No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions
Weak consumer sentiment, higher inflation is hurting sales
 "No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions")
US dollar climbs in early trade as central banks see inflation risks unwind
The pound slid 0.15% to a more than two-week low of $1.2206 in early Asia trade, after falling 1.2% in the previous session, its largest daily decline in a month
 "US dollar climbs in early trade as central banks see inflation risks unwind")
Pakistan inflation hits 48-year high as supplies jammed at ports
Foreign currency reserves have dwindled to a nine-year low of $3.68 billion
 "Pakistan inflation hits 48-year high as supplies jammed at ports")
EU unveils green industry deal to compete with US' Inflation Reduction Act
EU countries have generally agreed that part of the IRA, Joe Biden's $369-billion package, is a threat to the competitiveness of specific key sectors for the green transition of the European industry
 "EU unveils green industry deal to compete with US' Inflation Reduction Act")
Italy registers 10.1% inflation in Jan: National Institute of Statistics
Prices in Italy rose by 10.1 per cent in January compared to a year earlier, despite a decline in prices for regulated energy products, the National Institute of Statistics (ISTAT) said on Wednesday.
 "Italy registers 10.1% inflation in Jan: National Institute of Statistics")
