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Mostly Economics

Mostly Economics

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India‑focused economics research blog covering macro, monetary policy, banking, and central banking.

Recent Posts

Operationalizing AI at the Federal Reserve
News•Feb 26, 2026

Operationalizing AI at the Federal Reserve

Federal Reserve Governor Waller outlined a systematic rollout of artificial intelligence across the central bank. The Fed has built a common, general‑purpose AI platform that all Reserve Bank employees can access for drafting, summarizing, and analysis. Specialized AI tools support developers with coding assistants, while embedded capabilities are integrated into existing enterprise applications such as legal and risk functions. The initiative emphasizes strong governance, model validation, and human accountability to mitigate bias, data‑security, and operational‑resilience risks.

By Mostly Economics
What India’s New Inflation Data Is Hiding | The Great Confusing CPI (Consumer Price Index) Reset
News•Feb 25, 2026

What India’s New Inflation Data Is Hiding | The Great Confusing CPI (Consumer Price Index) Reset

India has unveiled a revamped Consumer Price Index, shifting the base year from 2012 to 2024 and overhauling the basket composition and weighting methodology. The new series shows a headline retail inflation of 2.75% in January 2026, markedly lower than...

By Mostly Economics
Structural Change—Canada at a Crossroads
News•Feb 25, 2026

Structural Change—Canada at a Crossroads

Bank of Canada Governor Tiff Macklem warned that Canada faces deep structural shifts as U.S. protectionism, rapid AI adoption, and demographic aging reshape the economy. He noted the central bank kept its policy rate at 2¼ % while highlighting heightened uncertainty around...

By Mostly Economics
A Brief Illustrated History of the Federal Reserve’s Balance Sheet: 1914-2026
News•Feb 19, 2026

A Brief Illustrated History of the Federal Reserve’s Balance Sheet: 1914-2026

The Federal Reserve’s balance sheet has undergone dramatic swings since its 1914 inception, expanding modestly for decades before exploding after the 2008 financial crisis. Between 2008 and 2022 the sheet grew from roughly $0.9 trillion to over $9 trillion, driven by large‑scale...

By Mostly Economics
Bulgarian Central Bank Deputy Governor Appointed Prime Minister
News•Feb 13, 2026

Bulgarian Central Bank Deputy Governor Appointed Prime Minister

President Iliana Iotova appointed suspended Bulgarian National Bank deputy governor Andrey Gurov as interim prime minister, invoking a constitutional rule that limits caretaker‑PM candidates to ten senior officials. Gurov’s selection follows an anti‑corruption finding that barred him from his central‑bank...

By Mostly Economics
Finally, CPI Inflation Has a New Base Year
News•Feb 12, 2026

Finally, CPI Inflation Has a New Base Year

India's Statistics Ministry has finally updated the consumer price index (CPI) base year, moving it from 2012 to 2024 using the 2023‑24 Household Consumption Expenditure Survey. The revision expands the index from six to twelve COICOP‑aligned divisions and introduces All‑India...

By Mostly Economics