Browsing Tag

monetary policy committee

india: India to be among a few economies to rebound strongly; impact of Omicron to be less severe: Finance ministry report

India will be among only a few economies in the world to rebound strongly from COVID-19 induced economic contraction of 2020-21, a Finance Ministry report said assuaging that the Omicron variant's impact on the economy will be less severe due to rapid vaccination. Real GDP in Q2 of FY2021-22 has grown by 8.4 per cent YoY, recovering more than 100…
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Negative output gap offers MPC some leeway

Indian monetary policy makers may have room to tolerate inflation and keep monetary policies easy for some more time as long as the output gap remains negative, said a Reserve Bank of India research paper authored by deputy governor Michael D Patra, who is also a member of the six member Monetary Policy Committee that decides on interest rates. The…
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Bank of England to set UK interest rates after Fed starts tapering stimulus – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Will the Bank of England raise interest rates today for the first time since the pandemic? And should they? This month’s monetary policy decision is on a knife-edge, as policymakers weigh up whether to hike borrowing…
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