Trends - interest rate - Business Recorder

Markets

Analysts expect rate hike of up to 300bps in SBP’s monetary policy announcement

High inflation and currency depreciation seen as reasons behind expected increase in key policy rate

Updated 31 Aug, 2023 07:28pm

Opinion

Acting on autopilot

From 13.25% policy rate in 2020 to all time high of 22% in 2023, the state of Pakistan’s economy still seems to...

Published 31 Aug, 2023 06:00am

Business & Finance

Global dividends hit record $568bn in second quarter

PARIS: Dividends paid by the world’s biggest listed companies soared to a record $568.1 billion in the second...

Published 31 Aug, 2023 06:00am

Markets

Wall St gains as weak job openings data fuels hopes of rate-hike pause

NEW YORK: Wall Street’s main indexes rose on Tuesday, lifted by growth stocks such as Tesla and Alphabet after a...

Published 30 Aug, 2023 03:33am

Business & Finance

More rate hikes ‘likely’ needed to lower inflation: Fed official

WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring...

Published 05 Aug, 2023 09:26pm

Print

BoE hikes rate 14th time in row

LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to...

Updated 04 Aug, 2023 08:41am

Editorials

MPS: Will IMF need to recalibrate its expectations?

EDITORIAL: In a surprise move, the Monetary Policy Committee (MPC) left the policy rate unchanged at 22 percent,...

Published 02 Aug, 2023 06:47am

Business & Finance

Policy rate kept unchanged as economic uncertainty ebbs

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...

Published 01 Aug, 2023 06:19am

Pakistan

SBP keeps key policy rate unchanged at 22%

Governor Jameel Ahmad announces Monetary Policy Committee's decision in press conference

Updated 31 Jul, 2023 06:43pm

Business & Finance

Further jump in key policy rate to deepen economic crisis: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has warned the...

Published 31 Jul, 2023 06:58am

Business & Finance

China rolls over medium-term policy loans, rate unchanged

SHANGHAI/SIN-GAPORE: China’s central bank rolled over maturing medium-term policy loans and kept the interest rate...

Published 19 Jul, 2023 03:21am

Pakistan

IMF urges Pakistan to continue monetary policy tightening cycle

Tightening cycle should continue if needed to reduce inflation and facilitate external rebalancing, says staff report

Published 18 Jul, 2023 10:56pm

Business & Finance

Monetary Policy Committee: SBP issues advance calendar for meetings in July-December

Schedules 4 huddles during six-month period, with the first one of the new fiscal year on July 31

Published 14 Jul, 2023 10:42pm

Business & Finance

Wells Fargo profit surges 57% as interest payments climb

Wells Fargo’s profit surged 57% in the second quarter as it earned more from customer interest payments and raised...

Published 14 Jul, 2023 05:13pm

Print

22pc interest rate inimical to business activities: PM

ISLAMABAD: Prime Minister Shehbaz Sharif Wednesday acknowledged that with a 22 percent rate of interest, no business...

Updated 13 Jul, 2023 10:33am

Editorials

Caution from Basle

EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ...

Updated 08 Jul, 2023 06:58am

Business & Finance

Sri Lanka cuts key rates as expected; more cuts seen by year-end

COLOMBO: Sri Lanka cut its key interest rates for the second consecutive month on Thursday as inflation tapered...

Published 06 Jul, 2023 09:27am

Opinion

SBA won’t cut it

Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,...

Updated 06 Jul, 2023 06:20am

Pakistan

IMF’s Executive Board meeting on Pakistan set for July 12

The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30

Updated 06 Jul, 2023 09:55am

Business & Finance

PKR to come under more pressure in absence of IMF bailout: PBF

KARACHI: Pakistan Business Forum (PBF) says rupee will likely to come under immense pressure in the first quarter of...

Published 29 Jun, 2023 04:19am

Print

Policy rate hiked by100 bps to 22pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its emergency meeting held on...

Updated 27 Jun, 2023 09:02am

Print

Policy rate hike part of IMF agreement: Pasha

Pakistan still does not feature on the IMF Executive Board calendar, but it could be added in the event that the ninth review is declared a success

Updated 27 Jun, 2023 11:43am

Business & Finance

Increase in policy rate will affect all domestic investment: PTI

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) and former minister for Economic Affairs Omar Ayub on Monday reacted to ...

Published 27 Jun, 2023 06:15am

Business & Finance

SBP raises key policy rate by 100bps to 22% after ‘emergency meeting’

Cites upward revisions in taxes, duties and PDL in FY24 budget and lifting of import restrictions as factors that slightly deteriorate inflation outlook

Updated 26 Jun, 2023 08:10pm

World

Turkey delivers big rate hike to 15pc but U-turn still underwhelms

ISTANBUL: Turkey’s central bank hiked its key rate by 650 basis points to 15 percent on Thursday and said it would...

Published 23 Jun, 2023 06:00am

Markets

Oil slumps over 4pc as interest rate hikes outweigh lower US oil supplies

NEW YORK: Oil futures fell over 4 percent on Thursday, as a bigger-than-expected Bank of England rate hike prompted...

Published 23 Jun, 2023 06:00am

Markets

SBP keeps key interest rate unchanged at 21%

Monetary Policy Committee views inflation to have peaked in May and, barring any foreseen developments, expects it to start falling from June onwards

Updated 12 Jun, 2023 06:19pm

Pakistan

Record inflation, but market says status quo in upcoming monetary policy

High-interest rate along with other macroeconomic measures have already put the brakes on economic growth, argues brokerage house

Updated 03 Jun, 2023 09:06pm

Business & Finance

MPC to meet on 12th

KARACHI: The meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be held on June...

Published 03 Jun, 2023 03:52am

Markets

European stocks rebound on easing inflation data

PARIS: European stocks bounced back on Thursday as data on easing inflation sparked a debate on the need for further...

Published 02 Jun, 2023 03:56am