Vocabulary words from The Hindu editorial " Taking Guard: The Hindu Editorial on the RBI and Growth Concerns"

Vocabulary words from The Hindu editorial " Taking Guard: The Hindu Editorial on the RBI and Growth Concerns"

1.  Verdict

• Meaning: A decision or judgment.
• Example: "The RBI’s Monetary Policy Committee delivered a 5:1 majority verdict to hold the interest rate."

2.  Headline inflation

• Meaning: The total inflation rate, including all items such as food and energy.
• Example: "The decline in headline inflation in July and August was cited as a reason for a potential rate cut."

3.  Downward trajectory

• Meaning: A gradual decrease or decline.
• Example: "The MPC noted the downward trajectory of inflation but warned that it was slow and uneven."

4.  Unanimously

• Meaning: With complete agreement from all parties involved.
• Example: "The MPC unanimously agreed to switch the monetary policy’s stance to 'neutral'."

5.  Hawkish stance

• Meaning: A policy position that favors high interest rates to control inflation.
• Example: "The MPC shifted from a hawkish stance to a neutral one based on the inflation forecast."

6.  Core inflation

• Meaning: Inflation that excludes volatile items like food and energy.
• Example: "Core inflation, excluding food and energy prices, has bottomed out according to the central bank."

7.  Policy pivot

• Meaning: A significant change in policy direction.
• Example: "The US Federal Reserve’s recent interest rate cut was seen as a policy pivot."

8.  Bullish

• Meaning: Optimistic or confident about future growth or trends.
• Example: "The RBI remains bullish on India’s growth despite global economic challenges."

9.  Cooling in economic activity

• Meaning: A slowdown or reduction in the pace of economic growth.
• Example: "Signs of cooling in economic activity were evident in the first half of the year."

10.  Stuttering

• Meaning: Progressing in a halting or interrupted way.
• Example: "Stuttering car sales reflected weaker urban consumption in recent months."

11.  Slipping into contraction

• Meaning: When economic output starts to shrink or decrease.
• Example: "Industrial output slipped into contraction in August, signaling economic weakness."

12.  Unenviable

• Meaning: Difficult or undesirable.
• Example: "The MPC may face an unenviable dilemma as it balances growth and inflation."

13.  Vowed

• Meaning: Made a serious promise or commitment.
• Example: "The MPC has vowed to keep supporting economic growth while managing inflation."