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Coronavirus
LOW Source: covid.gov.pk
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524hr
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1,284,365 ▲
17624hr
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Nov 29, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

interest rate

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
North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond
Markets

North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond

  • "The bond is aimed to repay the maturing public debt ... and soothe the effects of the coronavirus crisis," Besimi said at a news conference carried live on Facebook.
  • "This rate, compared with others in the region, shows that North Macedonia remains attractive for investors," he said, adding the demand had doubled the amount on offer.
Published 04 Mar, 2021 06:42pm
Bank of Israel holds benchmark interest rate at 0.1pc
Business & Finance

Bank of Israel holds benchmark interest rate at 0.1pc

  • All 15 economists polled by Reuters had said they expected the monetary policy committee to keep rates steady after doing so ever since cutting them from 0.25% early last April.
  • Central bank officials have expressed reluctance to lower the key rate from an all-time low to zero or into negative territory despite a strong shekel and three lockdowns.
Updated 22 Feb, 2021 10:06pm
Ghana central bank holds key rate at 14.5pc
Business & Finance

Ghana central bank holds key rate at 14.5pc

  • The bank said that although inflation had been on a steady decline in the early months of the fourth quarter of 2020, it rose to 10.4 percent outside its target range of 8%, plus or minus 2 percentage points.
  • Under the circumstances, and given the balance of risks to inflation and growth, the (Monetary Policy) Committee decided to keep the policy rate at 14.5 percent.
Published 01 Feb, 2021 07:55pm
Yields highest since March ahead of stimulus, supply
Markets

Yields highest since March ahead of stimulus, supply

  • Biden also called for raising the minimum wage to $15, a campaign promise, and for sending out $2,000 in direct cash payments.
  • Benchmark 10-year notes rose as high as 1.134%, the highest since March 20. The yield curve between two-year and 10-year notes steepened to 99.7 basis points.
Published 11 Jan, 2021 09:23pm