Trends - monetary policy - Business Recorder

monetary policy

Majority expect status quo in upcoming monetary policy announcement

However, many expect a rate hike at some point during 2021

Published 24 Jul, 2021 12:22pm

Markets

Central banks will accelerate rise of China's yuan, global survey shows

Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings

Published 22 Jul, 2021 01:30am

Opinion

SBP deserves praise

This is apropos SBP’s Third Quarterly Report on The State of Pakistan’s Economy. According to SBP, for example,...

Published 18 Jul, 2021 04:14am

Business & Finance

Early trade in New York: Dollar recovers ground

NEW YORK: The US dollar edged higher on Thursday, recovering some of the ground lost in the prior session after the...

Published 16 Jul, 2021 04:34am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar was slightly higher on Wednesday as traders held off on big bets ahead of the publication of ...

Published 08 Jul, 2021 04:22am

Markets

Gold prices up in Asia

SINGAPORE: Gold rose above the $1,800/ounce psychological level in Asian trade on Tuesday to hit a three-week high,...

Published 07 Jul, 2021 04:28am

Business & Finance

US dollar net shorts fall to lowest in two months

NEW YORK: US dollar net shorts fell to their lowest level since late April, according to calculations by Reuters and...

Published 05 Jul, 2021 04:57am

Markets

US dollar on track for best month in 4-1/2 years; payrolls in focus

Dollar index rises to more than one-week high.
US private payrolls showed increased hiring.
Traders look to Friday's non-farm payrolls report.

Published 30 Jun, 2021 07:55pm

Business & Finance

Early trade in New York: Dollar holds below two-month highs

NEW YORK: The dollar dipped on Thursday as investors evaluated the likelihood that the US Federal Reserve will be...

Published 25 Jun, 2021 04:20am

Opinion

Fed’s ‘big tent’ framework may fray under inflation surge

The US Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving ...

Published 22 Jun, 2021 04:46am

Markets

Monday’s early trade: Dow climbs, crypto stocks drop

NEW YORK: The Dow was set for its best day in more than three months on Monday as investors piled back into...

Published 22 Jun, 2021 04:46am

Business & Finance

Indonesia holds key rate at record low

JAKARTA: Indonesia’s central bank held its benchmark rate at a record low on Thursday as it sought to keep ...

Published 18 Jun, 2021 04:16am

Markets

NZ shares flat

WELLINGTON/SYDNEY: New Zealand shares closed flat on Monday, as gains in utility and financial stocks were offset by...

Published 15 Jun, 2021 03:30am

Markets

ECB's Schnabel wants bond-buying green tilt

Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change.
"Another possibility would be to pursue a more sophisticated 'tilting strategy' under which the ECB could adjust its monetary policy operations more gradually in line with sustainability considerations," Schnabel said.

Published 14 Jun, 2021 07:26pm

Markets

Wall Street week ahead: Fed meeting looms as inflation worries collide with ‘Goldilocks’ markets

NEW YORK: Investors will be zeroing in on the Federal Reserve’s monetary policy meeting next week as a...

Published 14 Jun, 2021 03:39am

Business & Finance

Early trade in NY: Dollar dips slightly

NEW YORK: The dollar edged lower on Monday as investors looked ahead to European and US central bank meetings and US...

Published 08 Jun, 2021 04:09am

Markets

Gold dips as U.S yields firm; focus shifts to US inflation data

US CPI data, ECB meeting on Thursday.
Medium to longer term outlook positive for gold – analysts.

Published 07 Jun, 2021 09:06pm

Markets

Europe, Asia markets waver as traders await fresh catalysts

Tokyo, Hong Kong, Sydney, Singapore and Manila dipped but there were gains in Shanghai, Seoul, Mumbai, Taipei, Jakarta, Bangkok and Wellington.

Published 31 May, 2021 05:20pm

BR Research

Monetary policy – on the cusp

No change. No surprise. Monetary Policy committee (MPC) has kept the policy rate unchanged at 7 percent. The ...

Published 31 May, 2021 07:30am

Policy rate stays unchanged to support growth

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

Published 29 May, 2021 03:59am

Markets

European shares hit record high on Airbus boost, Bayer hurt by Roundup ruling

German shares shed around 0.3pc, lagging other regional markets, with Bayer the biggest drag on the DAX, falling 5.0pc.

Published 27 May, 2021 10:34pm

Pakistan

SBP to announce Monetary Policy on Friday

The MPC would review key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation.

Published 26 May, 2021 07:40pm

Markets

Dollar falls to early January lows; yuan rally gets noticed

Dollar index back below 90; euro above $1.22.
Chinese yuan gains to 6.40 to dollar, state banks intervene.
Interest rate trajectories drawing attention.

Published 25 May, 2021 08:31pm

World

Fed's Evans says easy monetary policy has his 'full' support

"I have not seen anything yet to persuade me to change my full support of our accommodative stance for monetary policy or our forward guidance about the path for policy," Evans said in remarks prepared for delivery to a Bank of Japan conference.
Government spending has lifted inflation expectations recently, he noted, in what he called a "welcome" development.

Published 25 May, 2021 06:49pm

Business & Finance

Aussie, kiwi up

SYDNEY/WELLINGTON: The Australian dollar traded near the lower end of its five-and-a-half week range against the...

Published 25 May, 2021 04:40am

MPC meetings: State Bank introduces advance calendar

KARACHI: For the first time in the history, the State Bank of Pakistan (SBP) has introduced advance calendar of...

Published 21 May, 2021 05:04am

Business & Finance

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Markets

Sri Lanka central bank holds rates, says inflation seen within target

CBSL kept the standing deposit facility rate and the standing lending facility rate at 4.50% and 5.50%, respectively. The statutory reserve ratio was also left unchanged at 2%.

Published 20 May, 2021 11:13am

Markets

Bitcoin drops to lowest since Jan; stocks fall before Fed minutes

The pan-European STOXX 600 index lost 1.52pc and MSCI's gauge of stocks across the globe shed 1.05pc.

Published 19 May, 2021 11:10pm

Markets

Dollar steadies before Fed minutes, bitcoin stumbles

Elsewhere, the Australian and New Zealand dollars eased slightly as the Antipodeans struggled to break through heavy technical resistance, but sentiment remains positive due to rising commodity prices, some traders said.

Published 19 May, 2021 11:52am

Gainers
Losers
Leaders

Stock	Price
First Pak Modaraba / Jul 27 First Pak Modaraba(PAKMI)	4.40 ▲ 1.00 (29.41%)
First Punjab Mod. / Jul 27 First Punjab Modaraba(FPJM)	3.82 ▲ 0.72 (23.23%)
Ist Paramount / Jul 27 First Paramount Modaraba(FPRM)	6.84 ▲ 1.00 (17.12%)
First Prud Mod. / Jul 27 First Prudential Modaraba(PMI)	3.03 ▲ 0.36 (13.48%)
KASB Mod. / Jul 27 KASB Modaraba(KASBM)	3.30 ▲ 0.37 (12.63%)
Nazir Cotton / Jul 27 Nazir Cotton Mills Limited(NCML)	9.66 ▲ 1.00 (11.55%)
Ghazi Fab. / Jul 27 Ghazi Fabrics International Limited(GFIL)	11.60 ▲ 1.00 (9.43%)
First Tri-Star Mod. / Jul 27 First Tri-Star Modaraba(FTSM)	12.75 ▲ 1.00 (8.51%)
Unicap Mod. / Jul 27 Unicap Modaraba(UCAPM)	3.10 ▲ 0.23 (8.01%)
J.A.Textile / Jul 27 J.A. Textile Mills Limited(JATM)	13.88 ▲ 1.00 (7.76%)

Stock	Price
S.G. Power Ltd. / Jul 27 S.G. Power Limited(SGPL)	4.50 ▲ -0.48 (-9.64%)
Pak. P.V.C. / Jul 27 Pakistan PVC Limited(PPVC)	5.26 ▲ -0.54 (-9.31%)
Dewan Farooque Motors / Jul 27 Dewan Farooque Motors Limited(DFML)	10.95 ▲ -1.00 (-8.37%)
Buxly / Jul 27 Buxly Paints Limited(BUXL)	95.28 ▲ -7.72 (-7.50%)
AKD Hospitality / Jul 27 AKD Hospitality Limited(AKDHL)	411.65 ▲ -33.35 (-7.49%)
Apna Microfin.Bank / Jul 27 Apna Microfinance Bank Limited(AMBL)	15.21 ▲ -1.23 (-7.48%)
Dawood Equities / Jul 27 Dawood Equities Limited(DEL)	22.99 ▲ -1.86 (-7.48%)
Ashfaq Textile / Jul 27 Ashfaq Textile Mills Limited(ASHT)	21.56 ▲ -1.74 (-7.47%)
Nimir Resins / Jul 27 Nimir Resins Limited(NRSL)	18.96 ▲ -1.53 (-7.47%)
J. K. Spinning / Jul 27 J.K. Spinning Mills Limited(JKSM)	48.90 ▲ -3.85 (-7.30%)

Stock	Volume
Worldcall / Jul 27 Worldcall Telecom Limited(WTL)	36,191,500 ▼ 0.00
Byco Petroleum / Jul 27 Byco Petroleum Pakistan Limited(BYCO)	34,010,500 ▼ 0.00
KASB Mod. / Jul 27 KASB Modaraba(KASBM)	17,716,500 ▼ 0.00
TPL Corp / Jul 27 TPL Corp Limited(TPL)	17,699,000 ▼ 0.00
Al Shaheer Corp. / Jul 27 Al Shaheer Corporation Limited(ASC)	16,138,000 ▼ 0.00
Gul Ahmed / Jul 27 Gul Ahmed Textile Mills Limited(GATM)	13,709,500 ▼ 0.00
K-Electric Ltd / Jul 27 K-Electric Limited(KEL)	12,993,500 ▼ 0.00
TPL Properties / Jul 27 TPL Properties Limited(TPLP)	12,846,500 ▼ 0.00
Citi Pharma / Jul 27 Citi Pharma Limited(CPHL)	12,642,500 ▼ 0.00
Telecard Ltd. / Jul 27 Telecard Limited(TELE)	12,634,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	160.40
USD PKR Interbank Buying / Jul 26	160.30
USD to Japanese Yen / Jul 26	110.36
USD to Swiss Franc / Jul 26	0.92
Pound Sterling to USD / Jul 26	1.38
Euro to USD / Jul 26	1.18
UK LIBOR % / Jul 26	0.08

Stock	Volume
S&P 500 / Jul 26	4422.30
India Sensex / Jul 26	52852.27
Tokyo Nikkei / Jul 26	27833.29
Nasdaq / Jul 26	14840.71
Hang Seng / Jul 26	26192.32
FTSE 100 / Jul 26	7025.43
Dow Jones / Jul 26	35144.31
Germany DAX 30 / Jul 26	15618.98
France CAC40 / Jul 26	6568.60

Item	Value
Crude Oil / Jul 26	72.16
Karachi Cotton Assoc. / Jul 26	12880.00
Gold 10 Grams / Jul 26	94050.00
Gold Spot / Jul 26	1797.85
Cotton / Jul 26	89.60

monetary policy

Majority expect status quo in upcoming monetary policy announcement

Central banks will accelerate rise of China's yuan, global survey shows

SBP deserves praise

Early trade in New York: Dollar recovers ground

Early trade in New York: Dollar edges higher

Gold prices up in Asia

US dollar net shorts fall to lowest in two months

US dollar on track for best month in 4-1/2 years; payrolls in focus

Early trade in New York: Dollar holds below two-month highs

Fed’s ‘big tent’ framework may fray under inflation surge

Monday’s early trade: Dow climbs, crypto stocks drop

Indonesia holds key rate at record low

NZ shares flat

ECB's Schnabel wants bond-buying green tilt

Wall Street week ahead: Fed meeting looms as inflation worries collide with ‘Goldilocks’ markets

Early trade in NY: Dollar dips slightly

Gold dips as U.S yields firm; focus shifts to US inflation data

Europe, Asia markets waver as traders await fresh catalysts

Monetary policy – on the cusp

Policy rate stays unchanged to support growth

European shares hit record high on Airbus boost, Bayer hurt by Roundup ruling

SBP to announce Monetary Policy on Friday

Dollar falls to early January lows; yuan rally gets noticed

Fed's Evans says easy monetary policy has his 'full' support

Aussie, kiwi up

MPC meetings: State Bank introduces advance calendar

SBP rolls out advance calendar of MPC meetings

Sri Lanka central bank holds rates, says inflation seen within target

Bitcoin drops to lowest since Jan; stocks fall before Fed minutes

Dollar steadies before Fed minutes, bitcoin stumbles

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