Reserve Bank of India Monetary Policy: The RBI today left inflation estimate for fiscal 2025 unchanged at 4.5% amid rising concerns over soaring crude oil prices and supply chain disruptions due to the Red Sea crisis. Food inflation remains a concern after it climbed to 8.7% in February, driving overall inflation, while Brent and WTI futures have now surged on geopolitical tensions.
The Reserve Bank of India s Governor-led Monetary Policy Committee (MPC) concluded its recent meeting, maintaining the repo rate at 6.5%. This decision comes amidst concerns over inflation, with retail inflation remaining near the upper end of the central bank s comfort zone. Key highlights include the forecasted GDP growth rate of 7% for FY25, the projection of CPI inflation at 4.5% for the same period, and the decision to keep inflation forecast unchanged at 5.4% for the fiscal year.
This week's Federal Reserve meeting could prove to be another blow to the global economy and stock markets. Here's what I think investors should be doing with their cash asset allocations.
By Barry Parker (gCaptain) – As the “R” word, “recession” is increasingly being used by economic forecasters, questions are abounding regarding the impact of potential economic slowdowns on the container.