Saturday, 1 October, 2022
TopicCentral banks

Topic: Central banks

World’s central banks got inflation calls wrong, economies pay as pandemic recovery fumbles

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.

Rate hikes lead to speculation that Asian central banks may not stop soon

Central banks raising rates in Asia have prompted bets on continuing hikes in swap markets.

No more US dollars? Ukraine war could change the global monetary system of 75 years

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.

Emerging Asian countries, including India, running out of room to keep monetary policy on pause

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.

Why RBI must stick to fundamentals amid global churn to ensure macroeconomic stability

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.

SubscriberWrites: Central Bank Digital Currency is an idea whose time has come. But is India ready?

Digital currency is one step towards establishing a new-age, de-centralised financial system. India needs to be smart and willing, writes Vivek Sehrawat.

SubscriberWrites: China’s digital currency e-CNY – a tsunami or mere ripple against US dollar’s hegemony

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.

Why interest rates are losing their relevance around the world

Economists have recommended Switzerland’s central bank put less emphasis on interest rates. There’s a lesson for the rest of the world, too.

RBI shows hawk and dove distinctions are for the birds, not economics

Central bankers are more pragmatic than many people give them credit for. Most try to deal with the hands they are given and confront the world as it is.

Pandemic-era central banking is creating bubbles everywhere

Signs of bubbles are everywhere as stock prices jumped by a magnitude not seen since the dot-com era, new share listings boom, and Bitcoin, continues its generally upward climb.

On Camera

YourTurn

Representational image| File photo of students writing a test | Photo: Suraj Singh Bisht | ThePrint

More Dalit students going to Oxfords, Harvards. West now gets the caste divide

There are five primary factors driving an increasing number of students from marginalised communities entering the Western institutions.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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