Daily Briefing Current Affairs

Interest Rates Cannot Cure a Fever They Didn't Cause

India's Wholesale Price Index inflation has climbed close to 10% in June 2026, reversing more than a decade of relatively low inflation, with economists attributing the surge mainly to rising fuel costs and a weak monsoon rather than excess demand - reviving a long-running debate about whether India's flexible inflation-targeting framework, built around interest rate adjustments, is even designed to address this kind of…