Good afternoon. It’s a great pleasure to be home and speaking before the Montreal Council on Foreign Relations. At first glance, my topic—monetary policy—may not seem suitably global. But central ...

Last week I looked at how, for modern day purposes, monetary policy started around 1750. It began with the departure from the presumption that money is wealth to the idea that money is a veil and that ...

RBI raises FY26 GDP growth estimates to 6.8% from 6.5% earlier. Here are the quarterly estimates: Q2FY26: Raised to 7% from 6.7% Q3FY26: Cut to 6.4% from 6.6% Q4FY26: Cut to 6.2% from 6.3% GDP growth ...