热门标签

立博博彩公司(www.99cx.vip):Rates to return to pre-pandemic levels

时间:1个月前   阅读:4   评论:1

立博博彩公司www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。立博博彩公司上最新立博博彩公司登录线路、立博博彩公司代理网址更新最快。立博博彩公司开放皇冠官方会员注册、皇冠官方代理开户等业务。

Inflation fight: A customer inside a supermarket in New Delhi. Inflation may have peaked in India, according to a fund manager. — Bloomberg

MUMBAI: India’s central-bank watchers agree that interest rates will be raised to pre-pandemic levels today, yet they are split on the size of the increase aimed at fighting inflation and propping up a weak currency.

Fifteen of 35 economists surveyed by Bloomberg as of yesterday morning saw the Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) lifting the repurchase rate by half-point to 5.4%, a level last seen in August 2019.

Fourteen of them predict a 35-basis point hike, five a quarter-point action and one for a 40 basis-point increase – with any of these moves seen enough to return borrowing cost to late 2019 levels.

With Federal Reserve officials signalling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring governor Shaktikanta Das’s remarks for any guidance on the pace and length of the monetary tightening cycle as he seeks to ensure a “soft landing” for the economy.

The central bank has increased the key rate by 90 basis points since May, including a half-point hike in June.

While inflation has stayed above the RBI’s target ceiling of 6% since the beginning of the year, falling commodity prices may provide some scope for the central bank to suggest that pressures are easing.

“We expect the RBI’s commentary to soften a bit with an acknowledgment that inflation risks are receding,” said Pankaj Pathak, a fixed-income fund manager at Quantum Asset Management Co.

Inflation may have peaked in India, said Radhika Rao, a senior economist at DBS Bank Ltd.

,

欧博体育www.aLLbet8.vip)是欧博集团的官方网站。欧博体育开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

“Stable-to-weaker commodity prices, besides a hawkish central bank, are also likely to have a salutary impact on inflationary expectations,” she said.

Still, Rao expects RBI’s inflation and growth projections to stay unchanged at 6.7% and 7.2% respectively for the current fiscal year.

Lack of rainfall in parts of India’s rice producing regions may cut production of the grain and complicate the RBI’s inflation battle.

Even if the central bank goes soft on rate hikes, economists see the peak policy rate, or what’s usually referred to as the terminal rate, to be reached earlier than expected in the cycle.

“The RBI is expected to continue with ‘front-loading’ of its rate hikes at the upcoming policy,” said HDFC Bank Ltd economist Abheek Barua.

Barclays Plc now sees the policy rate rising to 5.5% by September from a prior forecast of mid-2023.

That will signal that rates have reached neutral territory, its India-based economist Rahul Bajoria said, referring to a level where rates can help check inflation without stifling economic growth.

He kept his projection for the terminal rate at 5.75%.

上一篇:以太坊高度开奖:Higher production to push CPO prices lower

下一篇:三公开船棋牌游戏(www.eth108.vip):Police arrest 12 in contraband raids

网友评论

  • 2022-09-02 00:11:55

    报道称,普京2月24日宣布决定对乌克兰采取特别军事行动。克宫称行动的目标是将乌克兰去军事化。西方国家随即对俄罗斯实施多项制裁,涉及国债、银行业等多个方面。啥时候完结