Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US Dollar index kept the Indian currency under pressure.
The Indian economy is confronting strong global headwinds but sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and financial system stability, said RBI in its Financial Stability Report on Thursday.
Continued monetary policy tightening is needed to achieve moderation in the inflationary pressures, Reserve Bank of India's Monetary Policy Committee member Shashanka Bhide said during the latest policy meeting held this month.
The Monetary Policy Committee (MPC) of United Kingdom's central bank sets monetary policy to meet the 2 per cent inflation target, and in a way that helps to sustain growth and employment, according to a statement available on bankofengland.co.uk.
The Federal Open Market Committee of the Federal Reserve said the new interest rates was approved unanimously. The central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years.
The developing Asia's economy will grow 4.2 per cent this year and 4.6 per cent next year, according to Asian Development Outlook (ADO) 2022, released on Wednesday. ADB estimated in September that the economy would grow 4.3 per cent in 2022 and 4.9 per cent in 2023. Growth in China, which is
The global markets are expecting an aggressive hike in policy rates by Federal Reserve next week. If the Fed hike its monetary policy rates, the global markets are bound to react to the policy change and eventually the country's markets, in a way, will be influenced by the hike. In another d
The domestic markets snapped their four-day losing run and ended with gains, picking up cues from the Monetary Policy Committee's decision to slow down the hike of repo rates.
Mumbai (Maharashtra) [India], December 8 (ANI/PRNewswire): Leading diversified professional services and investment management company Colliers (NASDAQ: CIGI) (TSX: CIGI) has released its 2023 Global Investor Outlook report, which has found that the stabilisation of global real estate market