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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,065
2324hr
Pakistan Cases
1,353,479
7,67824hr
Sindh
516,874
Punjab
458,879
Balochistan
33,812
Islamabad
115,047
KPK
183,403

Monetary Policy Committee

Bank of Israel keeps benchmark interest rate at 0.1pc
Business & Finance

Bank of Israel keeps benchmark interest rate at 0.1pc

  • Israel's inflation rate moved to 0.8% in April from 0.2% in March, just below the government's 1-3% annual target range. While the economy contracted an annualised 6.5% in the first quarter from the prior three months, growth is expected to reach 4-6% in 2021 given more than half of Israeli adults are already vaccinated and the economy has largely reopened.
Published 31 May, 2021 07:07pm
Private sector savings
Opinion

Private sector savings

The discount rate set by the Monetary Policy Committee (MPC) chaired by Governor State Bank of Pakistan (SBP) Dr ...
Published 17 May, 2021 06:14am
BoE's Vlieghe says economy will need help even with swift rebound
Business & Finance

BoE's Vlieghe says economy will need help even with swift rebound

  • Vlieghe said in an interview published on Monday that the yardstick for Britain's economic revival should not be just a few quarters of fast growth, but a full recovery of its labour market, too.
  • "My main message is don't think of the Bank Rate being linked to short-term growth in the economy, as that's not enough," he told TheBusinessDesk.com, a regional business news website.
Published 29 Mar, 2021 08:22pm
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 England's Haldane warns inflation ‘tiger’ is prowling
Business & Finance

Bank of England's Haldane warns inflation ‘tiger’ is prowling

  • People are right to caution about the risks of central banks acting too conservatively by tightening policy prematurely.
  • "There is a tangible risk inflation proves more difficult to tame, requiring monetary policymakers to act more assertively than is currently priced into financial markets," Haldane said.
Published 26 Feb, 2021 06:09pm
Moderate inflation in India provides room to support growth: MPC minutes
Business & Finance

Moderate inflation in India provides room to support growth: MPC minutes

  • The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.
  • The near-term outlook for inflation appears less risky than the near-term challenges for growth which warrant continuing policy support, at least until the elusive engine of investment fires and consumption, the mainstay of aggregate demand in India, stabilizes.
Updated 22 Feb, 2021 10:04pm
Negative rates may be BoE's best tool in future: Saunders
Business & Finance

Negative rates may be BoE's best tool in future: Saunders

  • Saunders, one of nine members of the BoE's Monetary Policy Committee, said in December that he saw scope for borrowing costs modestly below zero.
  • "If we wanted to lower the yield curve from current levels, then I suspect a lower Bank Rate might be more appropriate," he told the Resolution Foundation think tank.
Published 18 Feb, 2021 08:59pm