Macro Stability News Today

Indias ability to raise growth rates depends on self-financing investment and increasing household savings. Barclays suggests measures like increasing the domestic savings pool, accessing financial markets, and promoting investment, labour force utilization, and export growth.

An exit from our covid crisis needs an economic agenda for the years ahead that combines inflation control with a bend in the Centre’s fiscal glide path and a calibrated export thrust

RBI will need a single-minded inflation focus to ensure macro stability as risks of stagflation rise globally

Our record trade deficit in May portends trouble. As oil pressures are unlikely to ease soon, RBI should weigh the option of bridge support for the rupee in aid of broad macro stability

by Mariam Raheem An online pre-budget symposium on export competitiveness amid Covid-19 in Pakistan was held jointly by SDPI and UK Aid on Thursday. Officials and experts discussed how the upcoming trade policy framework could be more relevant, how to use software and other online platforms to access the internet and adapt to the new normal, and how to attract domestic and international investment to boost Pakistan’s exports, etc. COVID-19 with its challenges, has also brought certain opportu...

Is flexible inflation targeting still fit for the purpose it must serve? Photo: MintPremium Share Via Read Full Story Is ‘flexible inflation targeting’ (FIT) ripe for a coup d’état that topples its almost three-decade grip on the ruling dispensations of central banks the world over? Pioneered by New Zealand as early as 1990, and soon emulated by Canada and the United Kingdom, FIT is now the de jure, or de facto, monetary policy of most major advanced and emerging market central banks, in...

UBS economist’s advice to RBI: Time to go easy on money printing SECTIONS Share Synopsis It will not be easy for RBI to walk back on its stance but policy normalisation is going to be the next buzz word. ETMarkets.com The Reserve Bank of India’s ultra-accommodative liquidity policy has helped maintain sanity in the domestic financial markets during the Covid-19 pandemic. But with the economy expected to rev up in the coming years, a debate is raging if it is time for the central bank to thi...

“The experience with successfully maintaining price stability and the gains in credibility for monetary policy since the institution of the targeting framework, barring the Covid-19 period, needs to be reinforced in the coming years,” the governor said Friday.

RBIs Monetary Policy Committee has been following a mandate to keep consumer price index (CPI) at 4%, with a 2% tolerance band on either side since 2016.