RBI wants to keep inflation vigil, MPC’s external members see room to ease a bit
External members of the Monetary Policy Committee suggest reducing policy interest rates due to temporary food shocks and high real interest rates. However, caution is advised as markets are running ahead of policy makers and inflation history suggests challenges in bringing it down.
US manufacturing activity expands at fastest pace since 2022
“Signs of inventory reduction policies becoming less widespread also helped boost production and sustain high levels of business confidence in the outlook for the year ahead among manufacturers,” Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement.