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India Central Bank Favors Retaining Inflation Target Regime


India Central Bank Favors Retaining Inflation Target Regime
Bloomberg
2/26/2021
Anirban Nag
(Bloomberg) The Reserve Bank of India said Friday that its current inflation targeting regime is effective at containing price-growth and that it recommends the government renew it for another five years.
The central bank’s recommendation on flexible inflation targeting, known as FIT, comes after a run of consumer prices above its expected range raised speculation that the government of Prime Minister Narendra Modi would order up a new mechanism to replace the one put in place in 2016. Modi’s administration will likely make a final decision this year. ....

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India's Economy Exits Deep Recession as Fledgling Recovery Strengthens


India’s Economy Exits Deep Recession as Fledgling Recovery Strengthens
Economic output grew 0.4 percent in the third quarter, but the recovery is uneven, with small businesses facing the brunt of the downturn.
India’s fledgling recovery has been driven by services, agriculture, construction and some manufacturing sectors.Credit.Channi Anand/Associated Press
Feb. 26, 2021
NEW DELHI — After plunging into one of the worst recessions of any major economy, India is showing signs of a modest comeback.
But that recovery is uneven, and the country is still struggling to find ways to sustain growth. Its service sector is vulnerable, and the vast informal economy — which employs farmhands, day laborers, rickshaw drivers and many millions of others — remains weak as well. ....

Priyanka Kishore , South Asia , பிரியாங்க கிஷோர் , தெற்கு ஆசியா ,

Asia-Pacific central banks face delicate balancing act as economies stabilize | Hellenic Shipping News Worldwide


Asia-Pacific central banks face delicate balancing act as economies stabilize
Asia-Pacific nations that resorted to quantitative easing as a once-in-a-century pandemic roiled the global economy will now have to tread carefully as economic conditions stabilize, with some analysts warning against tapering the unconventional measures too soon.
Many central banks across Asia-Pacific that launched various versions of quantitative easing for the first time in 2020 had not indicated when their programs would end despite their rebounding economies. Those programs were additions to aggressive rate cuts, many of which are still far above zero, and other measures such as cuts of banks’ reserve requirements. ....

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