The Hindu Editorial Analysis : 13th October 2023

The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

Rising inflation.

• The incidences of recurring food price shocks pose a risk to the anchoring of inflation expectations, which has been underway since September 2022 and of which the central bank will remain watchful, RBI governor Shaktikanta Das said on Tuesday.
• “The role of continued and timely supply-side interventions, as being undertaken by the government, assumes criticality in limiting the severity and duration of such food price shocks.
• In these circumstances, it is necessary to be watchful of any risk to price stability and act timely and appropriately.
• We remain firmly focused on aligning inflation to the target of 4%,” Das said at the Delhi School of Economics (DSE).
• A sharp increase in vegetable prices and supply- side shocks pushed retail inflation to a 15-month high of 7.4% in July, triggering fresh worries about price pressures.
• Das said experience in recent years has shown that supply shocks have become more frequent, with profound implications for inflation management and the anchoring of inflation expectations.
• “A key risk of sustained high inflation is that it can anchor inflation expectations.
• It is, therefore, important to remain vigilant and take necessary steps in a calibrated and timely manner to keep expectations firmly anchored,” said Das.
• He said RBI has been quick and calibrated while navigating through such turbulence.
• “We look through fleeting shocks but remain prepared to undertake policy responses if such shocks show signs of persistence and getting generalized.
• In such a scenario, monetary policy has to focus on containing the second-round effects,” said Das.
• “Now, managing expectations through effective communication is a vital instrument in the monetary policy toolkit.
• In the case of RBI, effective forward guidance during the easing cycle reinforced the impact of our conventional and non-conventional measures during the pandemic,” added Das.

Practice Questions:

• A sharp increase in vegetable prices and supply- side shocks pushed retail inflation to a 15-month high of 7.4%.Explain
• “A key risk of sustained high inflation is that it can anchored inflation expectations.Discuss

Important Vocabs:

• Paved– cover
• Taming– to bring something wild under your control; to make something tame
• symptomatic– showing symptoms, or it may concern a specific symptom
• Spatial– connected with the size or position and area of something
• Soaring– to fly high in the air

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