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LATEST NEWS UPDATES | Global economy to feel the heat of monetary policy tightening: RBI Bulletin -Manish M Suvarna

Global economy to feel the heat of monetary policy tightening: RBI Bulletin -Manish M Suvarna

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published Published on Dec 20, 2022   modified Modified on Dec 21, 2022

-Moneycontrol.com

Globally, central banks have been increasing interest rates to fight inflation.

The global economy will bear the brunt of past monetary policy actions in 2023, the Reserve Bank of India (RBI) monthly bulletin said on December 20.

"Emerging market economies (EMEs) appear even more vulnerable, having battled currency depreciations and capital outflows in addition to slowing growth and high inflation," Bulletin said.

Globally, central banks have been increasing interest rates to fight inflation.

RBI bulletin is a monthly publication that gives insights into the economic developments in both India and abroad.

According to the Bulletin, debt distress is rising, with a surge in default rates and an appreciating US dollar.

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Moneycontrol.com, 20 December, 2022, https://www.moneycontrol.com/news/business/global-economy-to-feel-the-heat-of-monetary-policy-tightening-rbi-bulletin-9737241.html


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