AGP Executive Report
Last update: 8 hours agoIndia Rates: The Reserve Bank of India raised its repo rate by 25 basis points to 5.5%—its first increase in nearly four years—and shifted toward calibrated tightening. It also lifted its FY27 growth forecast to 7.1%, even as higher inflation clouds the outlook. Global Outlook: The IMF chief warned that energy shocks, rising public debt and AI-related risks threaten global growth. Brent crude topped $101 a barrel amid supply concerns, adding to inflation pressure. Gold Forecast: Delegates at the LBMA conference expect gold to reach about $5,013 an ounce within a year, citing central-bank buying and sovereign-debt concerns, despite near-term pressure from high yields and inflation. U.S. Housing: Higher mortgage rates are pushing buyers to the sidelines. Cotality expects annual home-price growth to slow to about 1.3% in 2026, with prices forecast to dip month to month through winter.
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