“Inflation expectations play a central role in setting and conducting monetary policy in modern times,’’ Patra wrote. “Over a finite time horizon, inflation expectations reflect the credibility of the monetary authority’s commitment to stated objectives. The effectiveness of monetary policy is likely to be greater if inflation expectations remain anchored.’’
CPI climbing to a 64-month high has brought back the question: is monetary policy suited to tackle inflation?
When options are limited, 'reorienting' the State’s priorities is applicable to the businesses it owns.
Axis Bank admitted that it had seen record resignations in the past few months, but said it had already hired 28,000 people this fiscal year and would hire another 4,000 in the last quarter. The bank is going big on automation and making use of AI to drive growth.
People want structural things to be addressed before they invest. The NBFC crisis is not redressed yet.
The unanimity reflects that MPC is more wedded to its mandate of keeping inflation at 4%.
When he succeed Urjit Patel as RBI Governor on Dec 11, critics said he could be remote-controlled by the govt.
There is a huge protection gap. It is only 2% and it has been operating only in savings.
Whether IPOs are PE backed or not, there’s a mystery surrounding them.
Inflation in India has been well controlled but is higher than many developed markets.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon