Record-high household debt
Record-high household debt
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Rising inflation in India risks RBI’s monetary easing Premium Consumer price inflation is on course to test the upper limit of the its 2%-6% target, 3 min read . Updated: 28 Apr 2021, 05:36 AM IST Bloomberg Provincial curbs to stem the virus are disrupting domestic supply chains, risking higher prices for everything from essential drugs to cars. Share Via Read Full Story The world’s worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank to support the economy. Provincial curbs to stem the virus are disrupting ...
Looming danger of debt Prepare for exit strategy to ensure fiscal health The country's national debt has increased to its highest level, driven by the unprecedented public health crisis. The Ministry of Economy and Finance said Tuesday that the national debt, comprised of bond issuances and borrowing by central and local governments, hit a record 846.9 trillion won ($750.5 billion) as of the end of last year, up 17.1 percent from 2019. The double-digit increase was inevitable for the country to minimize the economic fallout from the COVID-19 pandemic. The Moon Jae-in administration executed...
Australia's central bank commits to keep 3-year yields low amid bond rout Selasa, 02 Maret 2021 / 13:54 WIB Sumber: KONTAN.CO.ID - SYDNEY. Australia's central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields disrupting the country's surprisingly strong economic recovery. Concluding its March board meeting, the Reserve Bank of Australia (RBA) kept rates at 0.1% and committed to maintaining its "highly supportive monetary conditions" until its employment and inflation goals are met. Global bond markets have so...
The devastation wrought by Covid-19 on the real economy hasn’t stopped stock and property markets reaching new highs. Despite the Fed’s best efforts, such asset bubbles cannot be sustained. Could US political instability deflate the bubbles?