Growth gets preventive care; inflation must first materialise, spread and bring witnesses. The June minutes preserve the case for rate cuts while making hikes clear a far higher bar.
Kalyan Ram
linkedin.com/Poonam Gupta
The Bank of Korea’s unanimous 25-basis-point increase to 2.75%—accompanied by an explicit bias toward further hikes—turns Monday’s inflation warnings into policy action.
BasisPoint Insight
iStock.com
Supreme Court says fund managers can’t bend SEBI rules even to “save” investors, putting mandate, process and trustee duty at the centre of mutual funds.
Krishnadevan V
istock.com
India has assembled semiconductor, minerals and defence policies. What it still lacks is a single economic security strategy tying them together.
Sagari Gupta
From time inconsistency to flexible mandates, Michael Patra explains how inflation targeting became the world’s most durable monetary policy regime.
Michael Debabrata Patra
Istock.com
June CPI rose, yet rate-hike calls faded. The market is pricing the RBI’s growth bias—not inflation—and echoing the central bank back to itself.
BasisPoint Groupthink
Daily insights on the decisions, signals and risks shaping central-bank policy across the world’s major economies.
Raising rates will strengthen the yen which is at a 40-year low against the dollar, but whether the move will benefit Japan remains to be seen.
Koichi Hamada
India is changing how it measures growth and prices. Bond and currency markets should pay attention
Warsh’s restrained Fed is shifting markets from policy promises to the reaction function – and making each meeting, and its minutes, matter more.
V Thiagarajan
Federal Reserve
WikiCommons
Via WikiCommons
As Meta positions WhatsApp to dominate the digital payments ecosystem to crack its monetisation problem, New Delhi is worried about mass impersonation, phishing and cyber fraud, and most importantly, data arbitrage with the username rollout.
Rakesh Khar
WhatsApp’s username feature has triggered understandable concerns about cybercrime. The larger challenge is regulating digital harm without discouraging privacy-preserving product evolution
Srinath Sridharan
Anand Venkatanarayanan
World Cup tourists discover what Americans take for granted. Similarly, global scrutiny is forcing India's economy to reveal what headlines conceal.
Phynix
SounderBruce/ Via WikiCommons
How India’s trysts with crises, policy responses and changing gears in the development strategy imposed monetary policy regime shifts upon the RBI.
India’s crypto debate is not really about Bitcoin replacing the rupee. It is about whether a country can protect financial stability without missing the next transformation in finance.
R. Gurumurthy
Michael Patra is an economist and former RBI Deputy Governor.
Abheek is an Independent Economist and the Former Chief Economist at HDFC Bank.
Ajay Srivastava is the founder of the Global Trade Research Initiative.
Vijay Singh Chauhan, a former IRS official, is a Senior Visiting Fellow at ICPP, Ashoka University
Dhananjay, a D-School alum, is CEO and Co-Head of Equities at Systematix Group.
Kriti is a psychologist specialising in mental health, org behaviour, and brand strategy
Srinath is an author, corporate advisor, and independent director on corporate boards.
Ex-civil servant Chavaly held key Railways, Finance roles; specialises in infra & PPPs
Nilanjan Banik, Professor at Mahindra University, specialises in trade and development economics.
Rahul Ghosh is a banking and risk expert.
Rajesh Mahapatra is the former Editor of The Press Trust of India
Krishnadevan is Editorial Director at BasisPoint Insight.
Chandra advises companies on big-picture narratives on strategy and markets.
Kalyan Ram co-founded Cogencis. He now leads BasisPoint Insight.
Gurumurthy is an ex-central banker who handled markets, and later, financial stability for RBI.
Arvind Mayaram, former Finance Secretary, is Chairman of the Institute of Development Studies, Jaipur.
Vivek Kaul is a writer and an economic commentator.