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RBI Flags Elevated AI Asset Valuations, Geopolitical Tensions & High Debt As Major Risks To Global Economic Outlook | X / IANS Mumbai: The Reserve Bank of India has flagged elevated valuations of artificial …

RBI Flags Elevated AI Asset Valuations, Geopolitical Tensions & High Debt As Major Risks To Global Economic Outlook | X / IANS Mumbai: The Reserve Bank of India has flagged elevated valuations of artificial intelligence-related assets as one of the key downside risks to the global economic outlook, alongside geopolitical tensions, tighter global financial conditions and high public debt. Let us know! 👂 What type of content would you like to see from us this year? — HubSpot (@HubSpot) In its Monetary Policy Statement for 2026-27, the RBI said the global economy has remained resilient, but the re-escalation of the West Asia conflict and volatility in crude oil prices have kept the global economic environment uncertain. Governor said, “With a resolution of the West Asia conflict remaining elusive, significant downside risks to the global outlook remain, including further tightening of global financial conditions, continuing elevated AI-related asset valuations and high public debt”. The RBI's reference to AI-related asset valuations comes as part of its broader assessment of risks to global financial and economic conditions. The central bank also said the resolution of the West Asia conflict remains elusive, adding to uncertainty around the global outlook. The central bank also noted that inflation has accelerated in key economies, prompting a shift towards tighter monetary policy. The US Federal Reserve raised its policy rate by 25 basis points in September, while rate tightening by other major systemically important central banks has also strengthened expectations of higher global policy rates. Despite these risks, the RBI said the Indian economy has remained resilient. According to National Statistics Office estimates, real GDP growth in Q1 of 2026-27 stood at 7.8 per cent, higher than expected. Strong private consumption and fixed investment, a rebound in merchandise exports and sustained growth in services exports supported economic activity, the RBI said. On the supply side, manufacturing grew at a robust pace, while services activity strengthened on the back of domestic and external demand. The central bank said available high-frequency indicators for July-August suggest that domestic economic activity has maintained momentum in Q2. Domestic demand remains resilient and is supported by robust external demand, with merchandise exports registering double-digit growth. However, the RBI cautioned that global economic uncertainty could continue to affect domestic activity. Energy prices and supply chain pressures remain uncertain amid the West Asia conflict. The central bank said the adverse impact of these pressures is being contained through active diversification of supply sources. Domestic risks are also present. The RBI said a deficient southwest monsoon and strong El Niño conditions pose risks to agriculture and rural demand, although healthy foodgrain buffers and proactive government interventions are expected to reduce the impact. At the same time, continuing momentum in services and broadly stable employment conditions are expected to support urban demand. Strong capacity utilisation, robust credit flows and the government's infrastructure push are expected to sustain investment activity. The central bank revised the country’s growth projections for 2026-27 to 7.1 per cent from 6.6 per cent, with Q2 growth at 7.2 per cent, Q3 at 6.9 per cent and Q4 at 6.8 per cent. RBI also raised concerns over inflation pressures, saying headline CPI inflation is expected to average almost 5.8 per cent over the next three quarters, while core inflation is projected at 4.4 per cent for 2026-27. The RBI said the Indian economy remains resilient, but the combination of global financial tightening, geopolitical uncertainty, commodity price pressures and elevated AI-related asset valuations could shape the global economic environment in the period ahead. (Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Two factors worked to decide MPC’s move: inflationary pressures persist and growth is beating estimates. Hence, a hike in repo rate, while helping keep inflation in check, is unlikely to substantially impact GDP growth. …

Two factors worked to decide MPC’s move: inflationary pressures persist and growth is beating estimates. Hence, a hike in repo rate, while helping keep inflation in check, is unlikely to substantially impact GDP growth. The Indian economy has remained robust,… EMI CalculatorDetermine the monthly installment amount for a loan

Rising inflation forecasts, a fresh RBI rate hike to 5.50% and stubbornly high costs for fuel, food and imports have put borrowing and spending under pressure. At the same time, these conditions shift the …

Rising inflation forecasts, a fresh RBI rate hike to 5.50% and stubbornly high costs for fuel, food and imports have put borrowing and spending under pressure. At the same time, these conditions shift the spotlight to lenders that could benefit from higher le… Rising inflation forecasts, a fresh RBI rate hike to 5.50% and stubbornly high costs for fuel, food and imports have put borrowing and spending under pressure. At the same time, these conditions shif…

Synopsis The Reserve Bank of India recently raised the repo rate by 25 basis points to curb inflation. This increase is expected to raise borrowing costs for banks, affecting interest rates on home loans. …

Synopsis The Reserve Bank of India recently raised the repo rate by 25 basis points to curb inflation. This increase is expected to raise borrowing costs for banks, affecting interest rates on home loans. First-time and price-sensitive homebuyers in the affordable housing sector may feel the impact more significantly. Market experts anticipate that strong demand fundamentals will mitigate some negative effects. The overall housing market remains robust, especially in higher-priced segments.

HANOI, Oct 7 : The rise in annual inflation in September has put pressure on Vietnam's monetary policy management for the rest of this year but prices remain under control, central bank deputy governor …

HANOI, Oct 7 : The rise in annual inflation in September has put pressure on Vietnam's monetary policy management for the rest of this year but prices remain under control, central bank deputy governor Pham Thanh Ha said on Wednesday. • Vietnam's annual inflation in September was 5.08 per cent, compared with 4.89 per cent in August, according to data from the statistics office. • "This is the highest reading in several years, putting huge pressure on managing prices and controlling inflation during the rest of the year," Ha told a regular press conference in Hanoi. • Ha said recent interest rate hikes by central banks, including the Fed, has also put pressure on emerging and developing economies, including Vietnam. • Export-reliant Vietnam has faced higher prices for imported fuels this year due to the Iran war. • Total bank lending as of September 30 had risen 11.59 per cent from the end of last year, and was up 16.69 per cent from a year earlier, Ha said. • The country has a target of keeping inflation at 4.5 per cent this year. • Vietnam reported gross domestic product growth of 9.95 per cent in the third quarter, and its fourth quarter growth must be higher than 12 per cent for the country to meet its full-year growth target of at least 10 per cent, the head of the central bank's monetary policy department, Pham Chi Quang, told the same conference. • The central bank said it will pursue flexible monetary policy for the rest of the year, striking a balance between keeping inflation under control and supporting economic growth. • It will boost lending to business and manufacturing projects while tightening control over lending to risky sectors, it said.

Real estate companies in West Bengal on Wednesday said the RBI's 25-basis point repo rate hike could increase borrowing costs for homebuyers and developers, but maintained that the rise is unlikely to impact demand …

Real estate companies in West Bengal on Wednesday said the RBI's 25-basis point repo rate hike could increase borrowing costs for homebuyers and developers, but maintained that the rise is unlikely to impact demand in the long term. The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent on Wednesday, its first increase in nearly four years. "The RBI has increased the repo rate after three years As a result, interest rates of banks and financial institutions on housing and construction loans will increase. This will have some adverse impact on real estate," CREDAI West Bengal president Sushil Mohta said. Primarc Projects MD Siddharth Pansari said the hike may make home loans marginally more expensive, but is unlikely to have a major impact on genuine homebuyers. "In Kolkata, people are buying homes with a long-term view, and their decisions are increasingly driven by the right location, better quality and the lifestyle a home offers. There may be some caution in the short term, but the underlying demand for good homes remains strong," he said. MD of Purti Realty Mahesh Agarwal said the immediate impact could be felt through higher home loan costs, while developers may also face a marginal increase in the cost of capital. "However, we do not anticipate this to fundamentally alter the long-term trajectory of the housing market," he said, adding that demand for quality homes is increasingly supported by income growth, evolving lifestyles and infrastructure development. Emami Realty MD and CEO Nitesh Kumar said the rate hike could temporarily affect affordability, particularly for financing-dependent first-time buyers, and those in the affordable-to-mid segment, coming as it does at the beginning of the festive season. "Despite short-term borrowing-cost pressures, strong cultural and financial intent continues to support festive real estate demand. Developers are responding with flexible payment plans, stronger value propositions, and targeted offers to sustain quarterly momentum," Kumar said. Knight Frank India Chairman and MD Shishir Baijal said the 25-basis-point hike was broadly in line with expectations amid weak monsoons, the potential impact of El Nino, geopolitical conditions and inflationary pressures. "The shift to a 'calibrated tightening' stance signals that further rate action will remain data dependent. For real estate, higher borrowing costs could create some affordability pressures, particularly in interest-rate-sensitive and lower-priced segments, but we do not expect a material disruption to the sector's broader trajectory in the near future," Baijal said.

Treasury Secretary Scott Bessent says the economy is "accelerating" and inflation, along with bond yields, will come back down once the conflict in Iran ends. "Right now, we have this energy shock that's generated …

Treasury Secretary Scott Bessent says the economy is "accelerating" and inflation, along with bond yields, will come back down once the conflict in Iran ends. "Right now, we have this energy shock that's generated by the Iran conflict, and headline inflation is about 3.5%. But my message is underlying inflation — core inflation — is down to about 2.3%," Bessent said at the Pennsylvania Chamber of Commerce on Monday night. He asserted that median wage growth is in line with headline inflation, and that "we will get to the other side of this Iran conflict. Energy will come back down, and the wage growth will continue." Read more: How oil price shocks ripple through your wallet, from gas to groceries He said 1 million private sector jobs have been created this year, while government jobs have been trimmed by 300,000. "Real wage growth comes from private sector jobs, and I think we're just starting to see the acceleration here," he said. But not everyone sees the wage picture the same. Gregory Daco, chief economist for EY, notes that average hourly earnings rose at an annualized pace of 3% in September, marking the slowest pace of the post-pandemic cycle. He said he expects inflation in September, as measured by the Consumer Price Index, to clock in at 3.6%, and as a result, he anticipates that wages adjusted for inflation will likely fall 0.6% year over year, marking a sixth consecutive month of contraction. "While strong wealth effects from stock market gains continue to support solid aggregate consumer spending, the growing income squeeze affecting households is likely to cap spending growth heading into 2027," Daco said. Joe Brusuelas, chief economist for RSM, agrees that the economy accelerated into the third quarter, but he asserts that inflation is not easing, pressuring wages and purchasing power. Brusuelas maintains that the CPI report due out next week will show that wage growth adjusted for inflation has been flat to negative since the start of the Iran war. "It's far more likely that declining real wages begin to act as a mild drag on growth heading into the final quarter of 2026 and early 2027," he said. Higher bonds: strong economy or oil prices? Bessent also addressed the spike in long-term Treasury yields, saying he believes the run-up is a function of headline inflation and higher energy prices stemming from the war. Once the conflict ends, he said, longer-term bond yields will come down to levels seen in mid-February before the war. "I don't know if this conflict's going to end next week, next month, in two months, but I believe on the other side of this, energy prices will be much lower and interest rates, mortgage rates will come back down," he said.

United States stock futures traded mostly lower on Wednesday as investors awaited the minutes from the Federal Reserve's September meeting, when the central bank raised interest rates for the first ti... United States stock …

United States stock futures traded mostly lower on Wednesday as investors awaited the minutes from the Federal Reserve's September meeting, when the central bank raised interest rates for the first ti... United States stock futures traded mostly lower on Wednesday as investors awaited the minutes from the Federal Reserve's September meeting, when the central bank raised interest rates for the first t…

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in …

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US … Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub particularly the office segment in t…

Will the worldwide revolt against oligarchy reach America before the billionaires buy our elections this fall?Two weeks ago tomorrow, on September 23, Madrid’s police had to cordon off a downtown street to carry an …

Will the worldwide revolt against oligarchy reach America before the billionaires buy our elections this fall?Two weeks ago tomorrow, on September 23, Madrid’s police had to cordon off a downtown street to carry an 87-year-old woman named María del Carmen Aba… Will the worldwide revolt against oligarchy reach America before the billionaires buy our elections this fall? Two weeks ago tomorrow, on September 23, Madrids police had to cordon off a downtown st…