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Let’s start with the good news: August’s inflation number came in unchanged at 2.2 per cent. While that is higher than the Bank of England’s 2 per cent target, it is in line with City forecasts and beneath the 2.4…
“Well, Felix, this elects me.” The speaker was Franklin Delano Roosevelt, who was at home in Albany with his friend and advisor Felix Frankfurter, monitoring radio reports of a political disaster unfolding in Herbert Hoover’s Washington. It was 1932. Hoover…
The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to “neutral”, opening the door for rate cuts amid early signs of a growth slowdown in the economy.…