Inflation
Inflation is the rate of increase in prices over a given period of time. It means your money won’t buy as much today as you could yesterday.
Latest MPC Review
In the latest MPC review concluded on 6th December, it’s decided to keep the repo rate unchanged but reduced the CRR by 50bps
NAIRU – Non Accelerating Inflation Rate of Unemployment
NAIRU is the lowest unemployment rate that can be sustained without causing inflation to rise. It’s a measure of the economy’s “spare capacity”
NAIRU – Non Accelerating Inflation Rate of Unemployment Read More »
Phillips Curve
Phillips Curve states that inflation and unemployment have an inverse relationship; higher inflation is associated with lower unemployment and vice versa.