The US-China tariff war has hurt global supply chains and manufacturing activity, slowing growth in export-reliant Asian economies
The RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF, Gerry Rice, IMF Director, Communication, said
As S Gurumurthy tweeted, "RBI chief, not Fed or ECB chiefs can get such memorable, loving symbols"
Moody's said an explicit inflation target can help anchor inflation expectations and hence actual inflation at moderate levels
Economists have welcomed the decision of the government to retain the inflation target
At no cost should the government dilute/ revise the inflation targeting as currently pursued by the central bank
Shourie also said he will be the last person to know whether Rajan will stay or go
Modi should ensure that Rajan continues at the central bank in the larger interest of the economy
Urjit Patel was instrumental in reshaping India’s monetary policy targeting inflation control
There is a case for cutting interest rates now, but even if Rajan holds back, the finance ministry can reflate the economy on its own
The role of Indian central bank in setting the monetary policy, as we know, has changed. The answer to what extent lies in the final structure of the MPC
The new set-up will help the RBI escape from the mud-slinging from the finance ministry every time there is rate hike, but will also reduce its powers
Chances for lower August CPI number triggering an early rate cut are highly unlikely on account of these three factors
The government and the RBI should give legislative backing to their efforts to arrive at an inflation target. Merely singing an agreement means such goals will be limited to the lifetime of a government
The new structure will be based on sound economic reasoning and not subjected to extreme political compulsions
The RBI and the finance ministry agree that former should not set inflation targets on its own, but this does not mean everything is hunky-dory between them.
The Centre today said the price spike in onions is due to artificial scarcity and asked the state governments to take firm action against hoarders.
Despite all the clamour for a rate cut, RBI stands firm saying macro conditions are from comfortable and hints govt has not kept its side of the deal<br /><br />