Washington, Jan 29 (IANS) Emerging market economies have shown notable resilience despite trade disruptions, geopolitical uncertainty, and shifting global financial conditions, senior International Monetary Fund (IMF) officials said here on Thursday, while warning that risks remain tilted to the downside. Presenting the IMF’s latest assessment ahead of a conference on emerging economies, IMF Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said global growth has held up bet…
Latest Monetary Policy News & Updates
New Delhi, Jan 29 (IANS) In an era characterised by heightened global uncertainty, geopolitical flux, and rapid technological transformation, India’s monetary and financial sectors have exhibited robust performance in FY26 (April-December 2025), underpinned by strategic policy actions and structural resilience across financial intermediation channels, according to the Economic Survey 2025-26 tabled in Parliament on Thursday.The survey highlights that tapping into innovative and inclusive channel…
Seoul, Jan 29 (IANS) Uncertainty over the path of the United States’ monetary policy is expected to persist, though markets have remained broadly stable following the Federal Reserve’s latest interest rate decision, a senior official of the South Korean central bank said on Thursday.On Wednesday (US time), the Fed kept its benchmark interest rate unchanged at the 3.5-3.75 percent range following three successive cuts since September, a decision that will continue to put the gap between the key r…
Washington, Jan 29 (IANS) Federal Reserve Chair Jerome Powell said that higher US inflation is being driven mainly by tariffs on goods, not excess demand — an assessment that could shape expectations for global trade-linked economies. “These elevated readings largely reflect inflation in the goods sector, which has been boosted by the effects of tariffs,” Powell said on Wednesday (local time), while stressing that price pressures in services continue to ease.The Federal Open Market Committe…
Washington, Jan 29 (IANS) Bhutan’s economy is projected to grow a strong 7.4 per cent in FY2025/26 and remain sturdy in the following year, propelled by rising hydropower exports, a tourism rebound, and higher capital spending, the International Monetary Fund (IMF) has said.Inflation is expected to converge toward 4 per cent, anchored by the currency peg and the high import content of investment, according to the IMF Executive Board, which concluded its 2025 Article IV consultation with Bhutan…
Washington, Jan 29 (IANS) US Federal Reserve Chair Jerome Powell declined to comment on his future at the central bank during a wide-ranging press conference. Asked whether he has decided to remain as a Fed governor, Powell said: “No.” He added: “I really, once again, have nothing for you on that today.”Pressed on when a decision might come, Powell repeated that he had nothing to add.When asked why he might consider leaving, Powell declined again. “There’s a time and place for these …
Washington, Jan 29 (IANS) The Federal Reserve held interest rates steady. Chair Jerome Powell said inflation is still “somewhat elevated,” with tariffs pushing up goods prices.The Federal Open Market Committee “decided to leave our policy rate unchanged,” Powell told reporters on Wednesday (local time). The Fed kept the target range for the federal funds rate at 3.5 per cent to 3.75 per cent.Powell said the economy “expanded at a solid pace last year” and is starting 2026 “on a fir…
New Delhi, Jan 16 (IANS) The central government’s fiscal deficit is expected to be set at 4.2 per cent of GDP for FY27 in the upcoming Union Budget (against the target of 4.4 per cent in FY26) — corresponding to moderation in debt to 55.1 per cent of GDP, a Morgan Stanley report said on Friday.The pace of consolidation will be consistent with central government debt reduction to 55.1 per cent of GDP from 56.1 per cent in FY26.“A pickup in nominal growth will help to lift tax buoyancy and imp…
New Delhi, Jan 9 (IANS) A new United Nations (UN) report has said that GDP growth in India is estimated at 6.6 per cent for 2026 and 6.7 per cent for 2027 — supported by resilient consumption and strong public investment, which should largely offset the adverse impact of higher United States tariffs.Recent tax reforms and monetary easing should provide additional near-term support, said the ‘World Economic Situation and Prospects 2026’ report.“Several large developing economies, including C…
New Delhi, Jan 8 (IANS) India’s economic growth is expected to outpace the National Statistical Office’s (NSO) first advance estimate, reflecting “buoyant high‑frequency data since September 2025 led by policy impetus,” a new report has said.The report from Morgan Stanley estimated real GDP growth at 7.6 per cent year‑on‑year for FY26 — above the NSO’s first advance estimate which pegged real GDP growth at 7.4 per cent YoY.The consensus estimate for FY26 growth is at 7.5 per cent an…