The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which met between Aug. 8 and 10, is largely anticipated to maintain the policy repo rate at 6.5% for a third straight time, according to a press release. Concerns over growing consumer price index (CPI) inflation, driven by higher prices for vegetables and pulses, may not dissuade the central bank from retaining its monetary stance of "withdrawal of accommodation" in the face of surplus liquidity in the banking sector. This is because higher prices for vegetables and pulses are driving up these costs.

Federal Reserve Chair Jerome Powell said at a recent Congressional hearing that he thinks digital assets are showing sustainability as an asset class in the U.S.

Federal Reserve Chair Jerome Powell, in a press conference held on June 14, 2023, laid out a roadmap for the Federal Reserve's strategic response to the ongoing inflation situation.

As we navigate the complexities of a recovering economy, the Federal Reserve (Fed) finds itself in a precarious position.

The Federal Reserve raised its policy interest rate by a quarter percentage point May 3, citing the need to address high inflation and achieve price stability.