The reasons are quite clear. First, RBI changed its stance in its last policy statement to âaccommodative.â It also issued a clarification of its stance nomenclature, saying that the shift could mean a further lowering of policy rates. Second, liquidity has been provided on a near real-time basis by RBI to ensure that the system…
A week is a long time in politics,” quipped former UK prime minister Harold Wilson during the 1964 sterling crisis that led to the devaluation of the pound and eventually saw it replaced by the dollar as the international reserve currency. Fast forward to April 2025. To the turmoil in global markets in the week…
Inflation concerns may well have given Donald Trump the US presidency. His campaign harped on the elevated cost of eggs and bacon and argued that his predecessor Joe Biden, along with Fed chair Jerome Powell, had enabled an âinflation nightmare.” Now, he faces public inflation expectations that are utterly divorced from reality and could well…
