Manipuri to English:
ꯍꯟꯗꯛꯀꯤ ꯄꯣꯠ ꯃꯃꯜ ꯈꯪꯍꯦꯟ ꯍꯦꯟꯒꯠꯄꯁꯤꯡ ꯑꯃꯁꯨꯡ ꯃꯃꯜ ꯑꯃꯨꯛ ꯍꯦꯟꯅ ꯑꯆꯧꯕ ꯃꯑꯣꯡꯗ ꯍꯦꯟꯒꯠꯄꯒꯤ ꯃꯥꯡꯖꯤꯟꯗ ꯄꯨꯈꯠꯄ ꯋꯥꯔꯣꯜꯅ ꯁꯦꯟ-ꯊꯨꯝꯒꯤ ꯐꯤꯚꯝꯗ, ꯄꯨꯛꯅꯤꯡ ꯌꯥꯝꯅ ꯍꯦꯟꯖꯟꯅ ꯍꯣꯡꯕ ꯑꯃꯁꯨꯡ ꯈꯨꯗꯣꯡꯊꯤꯅꯤꯡꯉꯥꯏꯗꯒꯤ ꯉꯥꯛꯊꯣꯛꯄ ꯑꯁꯤꯗ ꯂꯥꯛꯁꯤꯟꯕ ꯊꯣꯛꯍꯜꯂꯦ꯫
The recent sharp rate hikes and forward guidance about further big rate hikes have caused a tightening of financial conditions, extreme volatility, and risk aversion.