Mumbai: Apart from high food inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI). Transmission through loan and deposit rates ranged between 111 and 245 bps until May 2024, an analysis of the latest RBI data … Read more
A consensus appears to be emerging among the external members of the Reserve Bank of India’s monetary policy committee that high interest rates are damaging to economic growth, a sign that the debate over the timing of any easing is intensifying. Jayanth Rama Varma and Ashima Goyal voted at the June meeting for a rate … Read more
“Markets keep changing. International developments keep happening. There could be surprises. So, one has to be very alert and agile at all times and try to sort of see, watch the developments in every corner of our own economy and also what is happening all around because things can sort of turn, it takes very … Read more
The balmy days of dovish monetary policy that fuelled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish. Returns from emerging-market local-currency debt are trailing their dollar-denominated peers by the most in two years as resurgent inflation has damped the prospect of further interest-rate cuts … Read more
The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus. While it will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month, the central bank decided … Read more
The Reserve Bank of India (RBI) left repo rates unchanged at 6.5% for the eighth time in a row. The monetary policy was a 4:2 decision, with two members voting in favour of a rate cut by 25 bps taking a dovish view. While the Street was expecting a status quo in the policy rate, … Read more
The coalition of parties led by Modi is unlikely to deviate from the path of fiscal consolidation, and cooling inflation will allow the Reserve Bank of India to embark on easing later this year, according to Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock. “It’s actually a good time … Read more
Asian stocks were a sea of red on Thursday and bonds slid on bets global interest rates would stay higher for longer, as investors looked to key inflation readings at the end of the week for further clues on the future path of monetary policy. The dollar rode U.S. Treasury yields higher while gold remained … Read more
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns they’ll be hard to keep. “The Walmart experience is better than it used to be, but it’s still not a premium experience. Walmart is built … Read more
An aerial photograph of houses and apartments on coastline in North Bondi, Sydney, Australia. Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Andrew Merry | Moment | Getty Images Australia plans to address its climbing home prices in … Read more
