WS #15507
Global monetary policy is tightening further, with the Reserve Bank of India shocking markets by raising the repo rate to 5.50%, the first hike since 2023. Concurrently, US year-ahead inflation expectations have hit their highest level since May 2023, reinforcing the view that central banks must remain hawkish. In response to energy price spikes, France announced the release of strategic diesel reserves, a localized intervention that highlights the real-world impact of the oil rally on consumer prices and government budgets.
Global Macro & Inflation
Global monetary policy is tightening further, with the Reserve Bank of India shocking markets by raising the repo rate to 5.50%, the first hike since 2023. Concurrently, US year-ahead inflation expectations have hit their highest level since May 2023, reinforcing the view that central banks must remain hawkish. In response to energy price spikes, France announced the release of strategic diesel reserves, a localized intervention that highlights the real-world impact of the oil rally on consumer prices and government budgets.