A farmer rests among watermelons at his fruit stall at the Gaddiannaram wholesale fruit market on the outskirts of Hyderabad. India’s inflation hit a nine-month low in February, but analysts saw little chance of any immediate interest rate cut. Slowing inflation may also have come too late for the embattled Congress-led government which faces elections in April and trails in opinion polls. Read more
Bank of England governor, Mark Carney, conducts the quarterly inflation report press conference in the Bank of England on Wednesday.
Apartment buildings and office blocks clustered tightly together in Hong Kong’s Kowloon district. Home prices in the crowded city have risen 120 per cent since 2008, and by more than 30 per cent from their previous peak in 1997, with prices in the luxury market being pushed up by wealthy buyers from mainland China.
Fishermen carry a box filled with fishes at a fishing harbour in the southern Indian city of Chennai. India’s data points for consumer prices are not robust enough to justify shifting from the current focus on wholesale inflation for monetary policy decisions, Reserve Bank of India Governor Duvvuri Subbarao said on Friday.
A man sleeps next to a closed stall at Galle Face green in Colombo, Sri Lanka on Friday.
Fishermen push their boats transporting baskets full of fishes at a fishing harbour in the southern Indian city of Chennai. Read more
A vendor and his son tend to a vegetable stall at a market in Jakarta on Monday. Read more