Weak June Jobs Report Quiets the Rate-Hike Conversation The June jobs report came in well below economists' estimates, but the unemployment rate ticked lower. Kiplinger · Jun 30
Economy resilient but risks from monsoon, geopolitical uncertainties remain: FinMin report India's economy shows resilience despite a slight slowdown in some key indicators. While global commodity prices ease, risks loom from an uneven monsoon, potential El Nino, and geopolitical tensions. Policymakers are focusing on enhancing resilience to energy shocks and addressing water scarcity, with agricultural pricing policies also under review to… The Economic Times · Jun 30
Economic indicators point to resilient Indian economy despite global headwinds: MoSPI Secretary India's economy is demonstrating remarkable resilience against global challenges, according to Saurabh Garg, Secretary of MoSPI. He highlighted that initial economic indicators suggest continued growth, with the government actively leveraging administrative data for informed policymaking. The ministry is focused on harmonizing data to enhance interoperability and accessibility, ensuring a robust… The Economic Times · Jun 29
Andy Burnham to move tens of thousands of jobs out of London in 'biggest devolution of power' The Prime Minister-in-waiting is aiming to replace a ‘centralised, top-down model’ with locally-driven economic growth Evening Standard · Jun 28
IMF chief economist says Fed reduction in rate guidance is 'entirely appropriate' The IMF's chief economist, Pierre-Olivier Gourinchas, has endorsed Federal Reserve Chair Kevin Warsh's move to reduce explicit forward guidance on monetary policy. Gourinchas stated that overly rigid guidance proved costly when inflation surged, as it tied the Fed's hands. While acknowledging the need for some long-term market guidance, he believes… The Economic Times · Jun 26
Scottish economy performs stronger than expected despite global challenges THE Scottish economy has continued to demonstrate resilience despite a “challenging and uncertain” global environment, a report has found The National (Scotland) · Jun 26
SBI Research sees Bengal budget tone most optimistic in 17 years West Bengal's new budget signals a significant policy shift, moving from welfare to investment and industrial growth, according to SBI Research. The BJP government aims to fill government vacancies and boost dearness allowance while emphasizing fiscal discipline. This marks a departure from previous redistributive approaches, with a focus on capability… The Economic Times · Jun 25
RBI's Malhotra says rate hike talk is premature, stays in wait-and-watch mode Reserve Bank Governor Sanjay Malhotra stated that a rate hike is premature, emphasizing the central bank's cautious, data-dependent approach. While acknowledging moderating risks from West Asia and falling crude prices, the RBI remains vigilant about potential inflation pressures and second-round effects. The focus is on monitoring fuel price impacts and… The Economic Times · Jun 24
Cabinet approves budget for fiscal 2027 The cabinet on Tuesday approved the proposed 2027 fiscal budget along with a budget transfer bill, with Prime Minister Anutin Charnvirakul instructing all ministers to be ready to explain their spending plans during parliamentary debates next week. Bangkok Post · Jun 23
Ex-Federal Reserve chair Alan Greenspan dies aged 100 Alan Greenspan, who oversaw the second-longest economic expansion in US history as chairman of the Federal Reserve, has died aged 100. AAP · Jun 22
Warsh Fed era heralds a new trial for Asian currencies New Federal Reserve chief Kevin Warsh's hawkish stance on inflation has surprised markets, signaling a stronger dollar. This poses a challenge for Asian economies reliant on exports, forcing nations like Japan, Indonesia, and India to intervene in currency markets and raise borrowing costs. While the dollar's strength is a global… The Economic Times · Jun 22
Entire political science of data doctoring: Congress slams govt on rural wage figures The Congress party has accused the Modi government of artificially inflating rural wage growth figures. According to Congress general secretary Jairam Ramesh, a methodological change in data collection, including new regions with higher wages, has created a fabricated "rural wages boom." He claims this masks the reality of stagnant real… The Economic Times · Jun 22
'Basics' budget the start of Labor state election pitch In his government's last budget before a state election, the NSW treasurer is looking to sell a message of responsibility and basic service delivery. AAP · Jun 19
Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision The Guardian - UK · Jun 18
AAP · Jun 17 Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank's policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation
The Economic Times · Jun 14 CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.
The Independent UK · Jun 10 UK gender pay gap could take another 30 years to close – despite decade of reporting Scrutiny of pay inequality is growing across the UK and Europe
The Guardian - UK · Jun 10 We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way Our roadmap has been shaped by experts across the world. We call on political leaders at all levels to use it, says Olivier De Schutter and others
The Economic Times · Jun 5 For a few dollars more: Inflation bypass can hurt India's central bank holds interest rates steady despite rising inflation. The focus shifts to stabilizing the rupee with a new dollar deposit scheme. This move aims to attract foreign currency and boost confidence. While offering gains to non-resident Indians, it comes at a significant cost and distorts market rates.
The Economic Times · Jun 5 India can return to 7% GDP growth path in FY28 with macro stability, supply measures: CEA Nageswaran India is on the brink of achieving a robust 7 percent growth in FY28, contingent on maintaining macro stability and ensuring supply chains remain intact. The improvement of external conditions will play a critical role in this outlook. Meanwhile, the Reserve Bank has adjusted its FY27 GDP forecast down to…
The Independent UK · Jun 5 America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns
The Economic Times · Jun 5 Rate hikes are coming, RBI has sent a clear signal, says Anubhuti Sahay, Standard Chartered Despite holding the repo rate steady, the Reserve Bank of India's significantly upgraded inflation forecasts signal a strong likelihood of rate hikes from August. Anubhuti Sahay of Standard Chartered highlights that elevated inflation projections, coupled with upside risks from oil prices and El Niño, suggest a deliberate sequencing of policy…
The Economic Times · Jun 5 RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook RBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude oil prices and a weakening rupee against the need to support economic growth. The decision comes amid geopolitical tensions and concerns over a below-normal monsoon, with the central…
The Economic Times · Jun 5 RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra will announce the Monetary Policy Committee's decision on Friday. The key policy rate is expected to remain unchanged at 5.25%. This pause reflects a cautious approach amid the West Asia conflict. The conflict poses risks to inflation and economic growth.…
The Economic Times · Jun 4 From inputs to retail, a monster rages through: As supply-side inflation pressures build, the implications for monetary policy India's inflation is shifting from producers to consumers, driven by cost-push factors like rising global commodity and energy prices. This is evident in the widening gap between WPI and CPI inflation. Subsequent retail fuel price hikes are expected to further increase transportation costs, impacting consumer prices across various sectors.