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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,228
2724hr
Pakistan Cases
1,262,771
1,08624hr
2.03% positivity
Sindh
464,746
Punjab
437,316
Balochistan
33,108
Islamabad
106,357
KPK
176,501

interest rate

Pound jumps
Business & Finance

Pound jumps

LONDON: Sterling rallied nearly 1% on Thursday after the Bank of England said two of its policymakers had voted for...
Published 24 Sep, 2021 04:40am
Brazil's real rises as inflation keeps up rate hike hopes
Markets

Brazil's real rises as inflation keeps up rate hike hopes

  • The Mexican currency was flat. Data on Tuesday showed Mexico swung to a bigger-than-expected trade surplus in April powered by record exports.
  • Separate data also showed consumer confidence in Brazil rose in May as households looked through the second wave of the pandemic.
Updated 25 May, 2021 09:31pm
Ghana April consumer price inflation 8.5pc year-on-year in April
World

Ghana April consumer price inflation 8.5pc year-on-year in April

  • The drop puts the rate within the Bank of Ghana's targeted band of 8% plus or minus 2 percentage points for the first time since January.
  • The central bank, which kept it's prime interest rate unchanged at 14.5%, said in March that it expected headline inflation in the gold-, cocoa-, and oil-producing country to return to the target band in the second quarter of 2021.
Published 12 May, 2021 04:55pm
Congo central bank cuts interest rate to 10.5pc
Business & Finance

Congo central bank cuts interest rate to 10.5pc

  • It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations.
  • Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year.
Published 16 Apr, 2021 07:41pm
Bank of England should push back against growth risks: Haskel
Business & Finance

Bank of England should push back against growth risks: Haskel

  • Commercial banks should follow BoE advice to make sure they are ready to implement negative interest rates, although the central bank does not yet know if they will be needed later this year, Haskel added.
  • Risk management considerations dictate that policy should lean strongly against downside risks to the outlook and I remain open to the possibility that the economy might need further support to return inflation to the target sustainably.
Published 05 Mar, 2021 09:05pm
Bank of Canada's next move to be tapering asset purchases
Business & Finance

Bank of Canada's next move to be tapering asset purchases

  • The consensus of the March 1-5 poll predicted the BoC would keep its key interest rate on hold at 0.25% through to the end of next year, unchanged from the previous poll.
  • More than 70% of poll participants, or 15 out of 21, who responded to an additional question, said the central bank would taper its asset purchases programme as its next move.
Published 05 Mar, 2021 06:19pm