Some of the world’s major central banks–such as US Federal Reserve & European Central Bank–are likely to avoid drama in their last set of meetings for 2023.
Several countries are calling for trade to be carried out in currencies besides the US dollar. But a survey of central bank currency managers shows the shift will be a slow affair.
At ThePrint ‘Off The Cuff’, IMF Executive Director KV Subramanian tells Editor-in-Chief Shekhar Gupta & Deputy Editor TCA Sharad Raghavan the missing link between credit control & policy rates.
The Federal Reserve is anticipated to raise interest rates by 75 basis points Wednesday, just weeks after Chair Jerome Powell & his staff projected a half-percentage-point increase.
The Ukraine war has exposed the imbalance in the global financial system run primarily by the West. When the West decides the course of a currency, others must take it as given.
The Reserve Bank of India’s move last week to keep the rates unchanged surprised markets, which had expected the bank to raise them to begin policy normalization after Covid.
More and more central banks are shifting their focus back to inflation even as growth recovery remains nascent. In this environment, RBI should avoid drastic policy responses.
Digital currency is one step towards establishing a new-age, de-centralised financial system. India needs to be smart and willing, writes Vivek Sehrawat.
Govts, markets and societies alike will have to adjust and transform. Central bank digital currency’s entry is the onset of real fintech disruption, writes Neha Baid.
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
COMMENTS