Tag: inflation
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI’s monetary policy
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India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth forecast to 6.6% for the year, from 6.9%.
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Philippine annual inflation slows to 6.8% in May
MANILA, June 5 : Philippine annual inflation stood at 6.8 per cent in May, below the previous month’s 7.2 per cent rate, driven mainly by slower increases in food and transport costs, the statistics agency said on Friday. • The consumer price index was below the 7.5 per cent median forecast in a Reuters po
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Fed’s Daly says AI is not for now driving inflation up or down
June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is “not a pressing issue” for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech event in San Francisco,
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Prolonged Iran war could push economies into recession, OECD warns
The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.
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OECD cuts 2026 global growth forecasts over Mideast war fallout
If energy disruption persists well into next year, some economies could fall into outright recession, with Asian countries reliant on Middle East energy supplies expected to be hit hardest.
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