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Reserve Bank of India Monetary Policy: The RBI today left inflation estimate for fiscal 2025 unchanged at 4.5% amid rising concerns over soaring crude oil prices and supply chain disruptions due to the Red Sea crisis. Food inflation remains a concern after it climbed to 8.7% in February, driving overall inflation, while Brent and WTI futures have now surged on geopolitical tensions.
The Reserve Bank of India's Governor-led Monetary Policy Committee (MPC) concluded its recent meeting, maintaining the repo rate at 6.5%. This decision comes amidst concerns over inflation, with retail inflation remaining near the upper end of the central bank's comfort zone. Key highlights include the forecasted GDP growth rate of 7% for FY25, the projection of CPI inflation at 4.5% for the same period, and the decision to keep inflation forecast unchanged at 5.4% for the fiscal year.
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk? | Economy
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk? | Economy