Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data one month and three months ago, I will have to assess what inflation and growth are going to be one year down the line,” he said, adding that policy has to be forward-looking but based on data which is old.
Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloff
Intel shares plunged 30% after the chipmaker issued a weak fourth-quarter revenue forecast and warned of negative cash flow for the year. The warning triggered