Sunday, September 27
An internal committee of the Reserve Bank of India is in favor of retaining the current inflation target in an upcoming government review, according to people familiar with the matter, giving investors some reassurance about the continuity of monetary policy.The panel will likely recommend the RBI ask the government to keep the target at 4%, with a tolerance band of 2%-6%, the people said, asking not to be identified because the discussions are private. The panel is also in favor of retaining the consumer price index as the target, they said, instead of using a measure that excludes food, as some government officials have argued.The inflation targeting framework, which has been in place since 2016, has been effective in managing volatility in price gains even during periods of supply shock
Iran's president on Wednesday reportedly ordered the country to suspend its cooperation with the International Atomic Energy Agency after American airstrikes hit its most-important nuclear facilities. State media online reported the decision by President Masoud Pezeshkian. It follows a law passed by Iran's parliament to suspend that cooperation. It also ready received the OK of a constitutional watchdog as well. It wasn't immediately clear what that would mean for the IAEA, the United Nations' nuclear watchdog. The IAEA, based in Vienna, long has monitored Iran's nuclear program. The agency did not immediately respond to a request for comment.
