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India should retain headline inflation as target, external rate panel members say Headline inflation impacts Indians directly and should be retained as the target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters. A suggestion was made in the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages. The idea has ignited a debate in India over the appropriate target for monetary policy. India ado...
India should retain headline inflation as target, external rate panel members say
India should retain headline inflation as target, external rate panel members say
Source: Reuters
2024-08-25 09:23:34 am
India`s new government will be spoilt for choice with $25 billion extra in kitty India's incoming government will be greeted with a $25 billion cheque from the central bank, giving it the option to either boost spending or narrow the fiscal deficit quicker, both of which will be cheered by investors. On Wednesday, the Reserve Bank of India (RBI) announced a record 2.11 trillion rupees dividend transfer to the government, more than double New Delhi's and street estimates, leading to a decline in bond yields and a rise in equity markets. The surplus fund can h...
India`s new government will be spoilt for choice with $25 billion extra in kitty
India`s new government will be spoilt for choice with $25 billion extra in kitty
Source: Reuters
2024-05-24 04:47:56 pm
Problem of high food inflation will be `less severe` in India going ahead: RBI Monetary Policy Committee (MPC) member Ashima Goyal RBI Monetary Policy Committee (MPC) member Ashima Goyal has said that the problem of high food inflation will be ‘less severe’ in India going ahead, as modern supply chains with diversified sources can help quickly address sudden spikes in prices of specific food items. Stressing that the share of food in the household budget is high in India, she said policy needs to focus on increasing agricultural productivity, since stable agricultural prices are important for non-inflationary...
Problem of high food inflation will be `less severe` in India going ahead: RBI Monetary Policy Committee (MPC) member Ashima Goyal
Problem of high food inflation will be `less severe` in India going ahead: RBI Monetary Policy Committee (MPC) member Ashima Goyal
Source: Accord Fintech
2024-04-25 12:55:50 pm
India needs rate cuts to reach potential growth, say monetary policy committee (MPC )members Varma, Goyal India needs to cut interest rates to help its economy reach its potential growth but the members of the South Asian nation's monetary policy committee (MPC) are divided on the timing of such cuts, interviews with two external members suggest. "We are in a catch-up growth phase. Growth has to go up in order to create employment and jobs for young people, for the investment cycle to take off, and so on," Ashima Goyal, one of three external members on the six-member MPC, told Re...
India needs rate cuts to reach potential growth, say monetary policy committee (MPC )members Varma, Goyal
India needs rate cuts to reach potential growth, say monetary policy committee (MPC )members Varma, Goyal
Source: Reuters
2024-04-22 11:38:22 am
Indian economy has done well despite multiple external shocks: MPC`s Ashima Goyal Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) member Ashima Goyal has said that the Indian economy has done well despite multiple external shocks, but counter-cyclical macroeconomic policy measures will be required to aid the economy's natural resilience as geopolitical situation remains fragile. Goyal further said inflation in the country has come down but it has not yet reached the target levels. She said ‘Major contributing factors for good performa...
Indian economy has done well despite multiple external shocks: MPC`s Ashima Goyal
Indian economy has done well despite multiple external shocks: MPC`s Ashima Goyal
Source: Accord Fintech
2024-03-04 10:21:53 am
India 4% inflation focus may not signal `higher for longer` rates -rate panel`s Jayanth Varma, Ashima Goyal India's monetary policy committee's (MPC) decision to reinforce the 4% retail inflation target follows inflation returning to its 2%-6% comfort zone, but does not necessarily signal rates will remain higher for longer, two external members of the committee told Reuters.India's inflation breached the rate-setting panel's 6% upper tolerance limit in five of the last 12 months, but stayed between 4% and 6% in the other seven, including easing to 5% in September after two months of food cost-driv...
India 4% inflation focus may not signal `higher for longer` rates -rate panel`s Jayanth Varma, Ashima Goyal
India 4% inflation focus may not signal `higher for longer` rates -rate panel`s Jayanth Varma, Ashima Goyal
Source: Reuters
2023-10-23 12:45:00 pm