Extreme weather may pose risk to inflation: RBI Bulletin – Newz9

NEW DELHI: Extreme weather circumstances together with escalated geopolitical rigidity that might improve the crude oil costs may pose a risk to inflation as per the Reserve Bank’s April Bulletin launched on Tuesday. The retail inflation primarily based on the Consumer Price Index (CPI) has declined to 4.9 per cent in March from 5.1 within the previous two months.
Earlier this month, the central financial institution stored the repo charge regular at 6.5 per cent, citing considerations about inflation.
An article on ‘State of the Economy’ within the Bulletin said that world commerce forecast is optimistic and international development momentum has been sustained within the first quarter of 2024.
Additionally. treasury yields and mortgage charges are rising around the globe as charge cuts expectations are diminishing.
“In India, conditions are shaping up for an extension of a trend upshift in real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments,” the article stated.
However, the central financial institution stated that the views expressed within the Bulletin article are of the authors and don’t signify the views of the Reserve Bank of India.