Bloomberg The Indian central bank’s tendency to overestimate inflation has prevented it from cutting interest rates further and cost the economy, according to one of Prime Minister Narendra Modi’s advisers. “Their view of the economy doesn’t seem to be correct,” and by keeping rates high, they “have imposed a high output sacrifice,” said Ashima Goyal, a member of Prime Minister’s ...

Bloomberg Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox. Lending curbs to stem financial risk — so-called macroprudential limits — have helped slow risky borrowing and temper property price bubbles in countries from New Zealand to Canada, a host of financial stability reports showed this week. While there hasn’t ...

Bloomberg Asiana Airlines Inc., South Korea’s No 2 carrier, is increasingly dogged by rising borrowing costs just as stiff competition from low-cost rivals looms over a potential rebound in its China business. The Bank of Korea’s first interest-rate increase since 2011 may add to the Seoul-based carrier’s woes by pushing up funding costs, according to Shinhan Investment Corp. The premium ...