3rd October 2022 (6 Topics)
1
Oct
3
Oct
4
Oct
5
Oct
6
Oct
7
Oct
8
Oct
10
Oct
11
Oct
12
Oct
13
Oct
14
Oct
15
Oct
17
Oct
18
Oct
19
Oct
20
Oct
21
Oct
22
Oct
24
Oct
25
Oct
26
Oct
27
Oct
28
Oct
29
Oct
31
Oct
As high prices restrain consumption, inflation control must be top priority
Context:
The Reserve Bank of India’s rate decision to raise interest rates by 50 basis points, as a bout of extreme volatility in international financial markets combines with persistently high domestic retail inflation to threaten macroeconomic stability, globally and in India.
Reason behind the move
- Economic problems: The COVID pandemic and Russia-Ukraine war were the two factors responsible for monetary policy operations by RBI to come out of Inflation.
- Increasing price pressure: The RBI’s latest surveys of households’ inflation expectations and consumer confidence are signalling that price pressures will continue to restrain consumption.
You must be logged in to get greater insights. click here to login
Courses
Study
Notes
Home
Resources
More
