Piecing together disparate data for economic and market insights
Over the next 3-5 years, there’s enough banking capacity to support healthy economic growth Neelkanth Mishra | Dec 9, 2021, 19:32 IST This appeared in the Times of India print version on December 10, 2021 (link) Despite RBI’s official stance staying ‘accommodative’, normalization of monetary policy in India started in September, with the central bank … Read more
Written by Neelkanth Mishra | Updated: April 6, 2021 8:56:44 am This appeared in the Indian Express on April 6, 2021 (link) Does it even matter what interest rate the government pays on the debt it takes? Interest on government debt is a transfer from taxpayers to savers (who own government bonds), and as the … Read more
New MPC’s unambiguous messaging on inflation should help buyers of government bonds take the riskWritten by Neelkanth Mishra | Updated: October 12, 2020 8:53:54 am (This was published in the Indian Express: link) The economy is rebounding faster than earlier expected, and year-on-year comparisons, only partly helped by the economic weakness seen in the second … Read more
Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globallyNeelkanth Mishra | Last Updated at August 5, 2020 01:42 IST (This was published in the Business Standard: link) The Reserve Bank of India’s (RBI’s) balance sheet size has grown sharply to 27 per cent of gross domestic product (GDP) in early … Read more
RBI raising limits for foreign investors holding government bonds is more significant than the rate cut.Written by Neelkanth Mishra | Updated: October 2, 2015 12:25:15 am (This was published in the Indian Express: link) So finally it’s done: the RBI cut rates. With inflation steadily printing lower, taking real interest rates to near record highs, … Read more
Written by Neelkanth Mishra | Updated: Jul 31 2013, 11:06am hrs (This was published in the Financial Express: link) There is a perceptible fear among investors and corporates that the Reserve Bank of Indias recent tightening of liquidity to protect the currency is a precursor to a prolonged period of high interest rates. To assess … Read more