Inflation Targets

In pulling back the deficit, Finance Minister Nirmala Sitharaman's budget for the financial year beginning April 1 will also help hold inflation below the top of the central bank's target range, 6%.

The yen climbed on news the Japanese government could soon revise a joint statement with the Bank of Japan (BOJ) over the latter's inflation target.

While the central bank does not target real rates, most analysts expect it to try keeping the inflation-adjusted rate at close to 1% to support growth.

The government on Monday told Parliament that the Reserve Bank of India (RBI) had submitted its report on the breach of the inflation target for three consecutive quarters, but it cannot be made public per the provisions of the RBI Act.

Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.

Gross domestic product expansion at about 6% is a sweet spot for Asia's third-largest economy to steer inflation back to the Reserve Bank of India's target, and also to narrow budget and current account deficits.

Reserve Bank of India's interest-rate setters have mainly blamed global factors for failing to meet their inflation target, according to people with knowledge of a letter the monetary policy panel was obliged to write to the government.

Morgan Stanley expects India's retail inflation to track within the Reserve Bank of India's target band by March 2023.

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said there was no need to change the inflation target despite the central bank's failure to keep it below the 6 per cent upper tolerance level for 9 consecutive months.

PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the threat of a loomi...

The RBI's monetary policy committee met on Thursday to discuss the bank's report to the government for having failed to meet its inflation targets.

The RBI's panel met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent.

The Reserve Bank of India (RBI) will not immediately release details of a report to the government explaining why it has failed to meet its targets for inflation, Governor Shaktikanta Das said.

Amid flak faced by the RBI for missing inflation target, Governor Shaktikanta Das on Wednesday defended its policies saying the economy would have taken a "complete downward turn" if it had started to tighten rates earlier.

For the first time since the implementation of the monetary policy framework in 2016, the Reserve Bank will submit a report to the government on its failure to keep the retail inflation rate below six per cent for three consecutive quarters.

In pulling back the deficit, Finance Minister Nirmala Sitharaman's budget for the financial year beginning April 1 will also help hold inflation below the top of the central bank's target range, 6%.

The yen climbed on news the Japanese government could soon revise a joint statement with the Bank of Japan (BOJ) over the latter's inflation target.

While the central bank does not target real rates, most analysts expect it to try keeping the inflation-adjusted rate at close to 1% to support growth.

The government on Monday told Parliament that the Reserve Bank of India (RBI) had submitted its report on the breach of the inflation target for three consecutive quarters, but it cannot be made public per the provisions of the RBI Act.

Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.

Gross domestic product expansion at about 6% is a sweet spot for Asia's third-largest economy to steer inflation back to the Reserve Bank of India's target, and also to narrow budget and current account deficits.

Reserve Bank of India's interest-rate setters have mainly blamed global factors for failing to meet their inflation target, according to people with knowledge of a letter the monetary policy panel was obliged to write to the government.

Morgan Stanley expects India's retail inflation to track within the Reserve Bank of India's target band by March 2023.

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said there was no need to change the inflation target despite the central bank's failure to keep it below the 6 per cent upper tolerance level for 9 consecutive months.

PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the threat of a loomi...

The RBI's monetary policy committee met on Thursday to discuss the bank's report to the government for having failed to meet its inflation targets.

The RBI's panel met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent.

The Reserve Bank of India (RBI) will not immediately release details of a report to the government explaining why it has failed to meet its targets for inflation, Governor Shaktikanta Das said.

Amid flak faced by the RBI for missing inflation target, Governor Shaktikanta Das on Wednesday defended its policies saying the economy would have taken a "complete downward turn" if it had started to tighten rates earlier.

For the first time since the implementation of the monetary policy framework in 2016, the Reserve Bank will submit a report to the government on its failure to keep the retail inflation rate below six per cent for three consecutive quarters.