by AIP Online Bureau | Jul 26, 2023 | Eco/Invest/Demography, International News
US Fed Chair Jerome Powell As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy “in determining the extent of additional policy firming that may be appropriate” to reach its 2% inflation...
by AIP Online Bureau | Jun 28, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Regulation
The clear message was that rates would stay high until the inflation beast is subdued, according to a panel discussion with US Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, Bank of England Gov. Andrew Bailey and Bank of Japan...
by AIP Online Bureau | Mar 7, 2023 | Eco/Invest/Demography, International News, Policy
Federal Reserve Chair Jerome Powell “From a broader perspective, inflation has moderated somewhat since the middle of last year but remains well above the FOMC’s longer-run objective of 2 percent,” Powell said in his prepared remarks released in Washington. Federal...
by AIP Online Bureau | Jan 1, 2023 | Data, Eco/Invest/Demography, Policy
While the interest rate for popular PPF and girl child savings scheme Sukanya Samriddhi were retained, rates for deposits up to 5 per cent as well as NSC, senior citizen savings scheme and Kisan Vikas Patra (KVP) where income accruing is taxable have been hiked by up...
by AIP Online Bureau | Sep 25, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report ”This Update forecasts the inflation rate averaging 6.7 percent in FY2022 (fiscal ending in March 2023) before moderating to...
