Global recovery has been swift and uneven this year. However, that rebound has been accompanied by rising inflation, which is pushing global central banks to normalise their accommodative monetary policies deployed to counter the after-effects of the Covid-19 pandemic.
Some advanced economies and the emerging markets - particularly those that follow inflation targeting - have already started to raise interest rates.
To be sure, the two systemically important central banks - the US Federal Reserve and the European Central Bank - have emphasised the transitory nature of inflation, and communicated a very gradual pace of policy normalisation.
But what if they surprise?
Given the context, CRISIL is organising a webinar where its experts will discuss:
Glide path for normalisation of the monetary policy in the US and Europe in the evolving growth and inflation scenario
India's vulnerability to external shocks, especially from the Fed tapering
Global influences on local growth-inflation dynamics
Impact on the domestic markets
The presentation will be followed by a panel discussion and Q&A.
Program Agenda
04:30 PM
Welcome address by Pankhuri Tandon, Economist, CRISIL
04.32 PM
Context Setting by Amish Mehta, MD & CEO, CRISIL Ltd.
04:35 PM
Presentation on “India’s macroeconomic setting amid global monetary policy developments” by Dipti Deshpande, Principal Economist, CRISIL
04:50 PM
Panel Discussion on “Global monetary policy developments and their implications for India”
Panelists
• Dr. D Subbarao, Ex- Governor, Reserve Bank of India
• B Prasanna, Group Executive Head - Global Markets & Proprietary Trading Group, ICICI Bank Ltd
• Dr. Beth Ann Bovino, U.S. Chief Economist, S&P Global Ratings
• Dr. Sylvain Broyer, Chief Economist - EMEA, S&P Global Ratings
Moderated by Dharmakirti Joshi, Chief Economist, CRISIL
05:35 PM
Q&A :Conducted by Dharmakirti Joshi, Chief Economist, CRISIL
05:50 PM
Closing remarks & Vote of thanks by Pankhuri Tandon, Economist, CRISIL
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
