Economic Data - Lagged data, frequent reviews make monetary policy's task challenging: RBI DG Michael Patra
24-11-2022 03:05
"Monetary policy has to be forward-looking, and that is because when the policy rate is changed, it takes quite a while before it reaches lending rates and aggregate demand in the economy. Hence, we ...
EUR/JPY declines towards 144.40 amid poor Eurozone economic projections
EUR/JPY is likely to drop to near 144.40 as ECB has projected negative growth rates in Eurozone. A price ceiling on European gas could result in an additional margin of $33bln for energy traders. The ...
Gold futures settle higher amid flurry of economic data, as traders await Fed minutes
Gold prices ended higher on Wednesday as traders awaited the release of minutes from the Federal Reserve's most recent policy meeting.
Oil prices fall as business surveys point to US economic slowdown
Oil prices fell on Wednesday as new US business surveys pointed to worsening conditions in the world’s biggest economy and worries persisted about China’s battle to combat cor ...
Gold Price Forecast: XAU/USD advances to $1740 on upbeat US data, ahead of FOMC minutes
US Durable Good Orders came better than expected amidst a gloomy economic outlook. The labor market in the US continued to ease, as shown by Initial Jobless Claims. Short term, XAU/USD is neutral ...
