inflation Archives - Page 4 of 4

February 6, 2024 11:27 AM

India expected to grow faster at 6.2% in FY25: OECD

In its latest report, the Organization for Economic Co-operation and Development (OECD) has raised India's growth outlook for the fiscal year 2024-25 (FY25) to 6.2%, up from the earlier estimate of 6.1%. This positive change follows a strong performa...

December 8, 2023 11:40 AM

RBI keeps repo rate unchanged at 6.5%

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) announced on Friday its decision to keep the repo rate unchanged at 6.50% after a three-day deliberation. "The standing deposit facility rate remains at 6.25%, and the marginal standi...

November 15, 2023 9:48 AM

Japan’s economy contracts as recession risks grow

Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation. Gross dome...

November 2, 2023 10:28 AM

U.S. Federal Reserve keeps interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may nee...

October 17, 2023 8:57 PM

India records deflation in Wholesale Prices for September 2023, Signaling mixed impacts on Consumers and the Economy

India has witnessed deflation in the Wholesale Price Index (WPI) for September 2023. The provisional data reveals a contraction of 0.26% compared to September 2022, marking a slight improvement from the 0.52% deflation recorded in August 2023. The W...

October 17, 2023 11:06 AM

India’s persistent wholesale deflation: Unveiling the causes and implications

In a concerning trend, India has been grappling with wholesale deflation for the past six months. The Wholesale Price Index (WPI) witnessed its sixth consecutive month of contraction in September, with inflation remaining in the negative territory ...

October 5, 2023 9:29 AM

RBI Monetary policy review: markets brace for impact as MPC meets

As the three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) commenced on Wednesday, October 4th, there was widespread anticipation that the central bank would maintain the current interest rates and policy stanc...

September 6, 2023 11:36 AM

RBI committed to bring down inflation to 4%; watchful of price risks: Governer Das

Reserve Bank Governor Shaktikanta Das, in a statement on Tuesday, reiterated the central bank's commitment to bringing down the inflation rate to 4 percent. He also emphasized the need to remain vigilant of risks as frequent global supply shocks can ...