Interest Rates ECB makes back-to-back interest rate cuts as inflation falls FRANKFURT: The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering... Updated 17 Oct, 2024 06:38pm
Interest Rates FPCCI demands lowering policy rate to 9pc KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has... Published 03 Oct, 2024 07:50am
Interest Rates Big rate cut was ‘appropriate’ first step: Fed official WASHINGTON: The US Federal Reserve’s decision to cut interest rates by half a percentage-point was “an appropriate... Published 23 Sep, 2024 06:18pm
Money & Banking SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall Higher interest rates, exchange gain help central bank post record earnings Updated 23 Sep, 2024 11:01pm
Business & Economy Pakistan’s inflation likely to slow down further in September, fueling further rate cut speculation The slowing inflationary trend in Pakistan is likely to continue in September, and projected to come down to almost... Updated 21 Sep, 2024 08:07pm
USA US Fed rate cut is ‘very positive sign’ for economy: Yellen WASHINGTON: The US central bank’s decision to slash interest rates this week is a “very positive sign” for where the... Published 19 Sep, 2024 09:10pm
Money & Banking Turkish central bank keeps rates steady, alters guidance ISTANBUL: Turkiye’s central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as... Updated 19 Sep, 2024 06:16pm
Money & Banking Bank of England holds rate steady after jumbo US cut LONDON: The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts... Published 19 Sep, 2024 05:19pm
USA Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target Updated 19 Sep, 2024 12:23am
Money & Banking With Fed’s rate cut at hand, debate swirls over how big a move WASHINGTON: The Federal Reserve on Wednesday will lower interest rates for the first time in more than four years as... Updated 18 Sep, 2024 08:42pm
Interest Rates US Fed set to make first rate cut since 2020 WASHINGTON: The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more... Published 18 Sep, 2024 11:48am
2024-09-16-01-16 ICMA calls for ‘significant’ policy rate cut KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has released an in-depth analysis of ... Updated 16 Sep, 2024 07:15am
Money & Banking National Savings Schemes: CDNS reduces profit rates on majority of its instruments The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings... Updated 14 Sep, 2024 05:06pm
Interest Rates UBG seeks more 3pc cut in interest rate KARACHI: Leaders of United Business Group (UBG) have criticised the State Bank’s mere 2% reduction in the interest... Published 14 Sep, 2024 06:45am
2024-09-14-03-05 SAI chief condemns 2pc cut in interest rate KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of... Published 14 Sep, 2024 06:56am
2024-09-14-03-05 Business community hails 200bps cut in policy rate PESHAWAR: Former Senator, Chairman Khyber Pakhtunkhwa Textile Mills Association (KPTMA) and renowned businessman,... Published 14 Sep, 2024 07:28am
2024-09-13-01-34 ECB cuts interest rates as growth dwindles FRANKFURT: The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth... Updated 13 Sep, 2024 07:27am
Interest Rates SBP made its most aggressive move on the interest rate, but business associations are still unhappy The State Bank of Pakistan (SBP) moved more aggressively on the key interest rate than what the wider market had... Updated 12 Sep, 2024 09:26pm
Business & Economy Most aggressive cut since April 2020: SBP reduces key policy rate by 200bps, brings it down to 17.5% Pace of disinflation exceeded earlier expectations, says central bank The previous occasion SBP moved with this quantum of reduction was in April 2020 Updated 12 Sep, 2024 10:54pm
2024-09-10-01-11 UBG demands cut in interest rate KARACHI: Leaders of United Business Group (UBG) have demanded the government to reduce interest rates by 4 to 5... Published 10 Sep, 2024 06:32am
2024-09-07-02-27 FPCCI seeks 400bps cut in interest rate LAHORE: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called on the government and ... Updated 07 Sep, 2024 09:00am
Interest Rates KATI urges SBP to reduce bank interest rates KARACHI: Korangi Association of Trade and Industry (KATI) has issued an urgent call to the State Bank of Pakistan... Published 07 Sep, 2024 06:59am
Statistics Fourth successive decline: weekly SPI down to 3-year low The Sensitive Price Indicator (SPI) for the week ended September 05, 2024 decreased by 0.15%, according to the... Updated 06 Sep, 2024 10:18pm
2024-09-07-03-41 UBG for cut in interest rates in upcoming monetary policy KARACHI Syed Mazhar Ali Nasir, Vice Chairman UBG Sindh Region has appealed to the government and the State Bank of... Published 07 Sep, 2024 06:59am
2024-09-06-04-45 Further ease in monetary policy stance expected KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced the next monetary policy... Published 06 Sep, 2024 07:53am
Interest Rates Analysts expect SBP to continue easing in next week’s monetary policy announcement Most experts Business Recorder reached out to see decline between 100 to 200 bps Updated 05 Sep, 2024 08:29pm
Interest Rates Inflation in Pakistan drops to single digit after three years, clocks in at 9.6% in August Reading in line with official expectations that put figure in range of 9.5-10.5% Updated 02 Sep, 2024 08:40pm
Business & Economy Moody’s upgrades Pakistan’s ratings to Caa2, outlook now positive Upgrade reflects Pakistan’s improving macroeconomic conditions, says Moody's Expects IMF to approve the EFF in the next few weeks Updated 28 Aug, 2024 08:04pm
2024-08-27-01-07 Business community expecting higher cuts in key policy rate: FPCCI KARACHI: Atif Ikram Sheikh, President FPCCI, has said that the policy rate cuts announced over the last two monetary... Published 27 Aug, 2024 06:44am
USA Fed’s Powell says ‘time has come’ to cut rates JACKSON HOLE, WYOMING: Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of an imminent... Updated 23 Aug, 2024 11:28pm