Monthly Ecocapsule_Apr’23

This EcoCapsule highlights the failures of two American banks and the subsequent contagion effects, which compelled global central banks to prioritize liquidity injunctions. Falling global bond yields are a result of these events, despite the Central Banks not pivoting as persistent core inflation pressures compelling them to maintain their stance. US Fed, in fact, raised its policy rate, in line with expectations. Domestically, high-frequency indicators signal buoyancy, with the RBI implementing a status quo policy in a Goldilocks scenario—describing it as a pause, not a pivot. The monsoon’s impact on agriculture remains a key factor to monitor. For more such interesting trends, you may refer to our comprehensive EcoCapsule

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