Tightening to continue-HDmoviesfreedownload

The Monetary Policy Committee (MPC) is expected to further increase the policy repo rate this week. While the consumer price index-based inflation rate has moderated, it is still at a significantly high level. The rate in June, for instance, was at 7.01 per cent as against 7.79 per cent in April. Global commodity prices have come down over the past few months, but are still elevated and there are other risks that the MPC would need to consider. The global economy is rapidly losing momentum and the recovery from the pandemic-induced disruption is weakening. The International Monetary Fund, for instance, now expects the global economy to grow by 3.2 per cent in the current year, which is 0.4 percentage points lower than its April projection. The growth projection for the US economy has been pared by 1.4 and 1.3 percentage points for 2022 and 2023, respectively.



What you get on Business Standard Premium?


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, August 01 2022. 22:40 IST

Leave a Reply

Your email address will not be published.