MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

INDIA CENTRAL BANK: Central Bank Governor Sees No Need for Policy Change

INDIA CENTRAL BANK
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion
  • Reserve Bank of India’s Governor Das indicated that despite global trends towards lower rates, he is in no hurry to cut even with inflation moderating.
  • ‘Inflation has been brought to target,’ Das said at a Singapore forum last Friday, adding that ‘over the last several monetary policy meetings, we have been reiterating the importance to stay on course and not get carried away by some dips in inflation.’  
  • Having moderated in June and July, August saw a slight rise in inflation led by food and vegetable prices.
  • The RBI’s goal of 4% for inflation has been achieved this year yet this recent uptick is enough, when considered alongside Governor Das’s comments, do suggest that the market calls for a cut in rates may be too early in India. 
128 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Reserve Bank of India’s Governor Das indicated that despite global trends towards lower rates, he is in no hurry to cut even with inflation moderating.
  • ‘Inflation has been brought to target,’ Das said at a Singapore forum last Friday, adding that ‘over the last several monetary policy meetings, we have been reiterating the importance to stay on course and not get carried away by some dips in inflation.’  
  • Having moderated in June and July, August saw a slight rise in inflation led by food and vegetable prices.
  • The RBI’s goal of 4% for inflation has been achieved this year yet this recent uptick is enough, when considered alongside Governor Das’s comments, do suggest that the market calls for a cut in rates may be too early in India.