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Apr 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

monetary policy

Dollar steadies before Fed minutes, bitcoin stumbles
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
Wall Street lower
Markets

Wall Street lower

NEW YORK: Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried...
Published 19 May, 2021 06:00am
ECB's job is not to redistribute wealth, Weidmann says
Business & Finance

ECB's job is not to redistribute wealth, Weidmann says

  • The ECB is reviewing its strategy and President Christine Lagarde has put equality on the agenda along with other issues, such as climate change, which have not traditionally been part of the central bank's focus.
  • Weidmann, who is also president of Germany's Bundesbank, reaffirmed his scepticism, saying monetary policy was too blunt a tool to address wealth distribution and this should be left to elected politicians.
Published 29 Apr, 2021 05:43pm
ECB's Centeno sees ‘very accommodative’ monetary policy continuing
Business & Finance

ECB's Centeno sees ‘very accommodative’ monetary policy continuing

  • "Monetary policy is expected to remain very accommodative amid persistent low inflation environment," Centeno told an economic conference. "Forward guidance points to interest rates remaining at low levels and maintenance of the purchasing program in the foreseeable future."
  • Centeno, who is also governor of the Bank of Portugal, said the main objective of the European system of central banks is to maintain price stability but "it should also support the general economies of the Union".
Published 28 Apr, 2021 08:51pm
Gold steadies in Asia
Markets

Gold steadies in Asia

SINGAPORE: Gold held steady in Asian trade on Tuesday as market awaits a US Federal Reserve meeting for cues on its...
Published 28 Apr, 2021 03:18am
MCB: Steady profits
BR Research

MCB: Steady profits

Not quite the 2020 performance, but CY21 has started on a bright note for MCB, which declared Rs4.5 per share as...
Published 22 Apr, 2021 07:35am
Turkish central bank holds rates, drops policy pledge under new chief
Business & Finance

Turkish central bank holds rates, drops policy pledge under new chief

  • In a statement, the bank also ditched last month's pledge to "decisively" maintain a tight monetary policy "for an extended period" to address inflation, which has risen above 16% and been in double-digits for most of the last four years.
  • The lira slipped as much as 0.7% to 8.125 versus the dollar after the bank under new governor Sahap Kavcioglu replaced the hawkish guidance with a softer assessment of risks to inflation that analysts said signalled interest rate cuts were on the way.
Published 15 Apr, 2021 06:02pm
Polish central bank says zloty FX rate key for recovery
Business & Finance

Polish central bank says zloty FX rate key for recovery

  • "The economic policy measures, including the easing of NBP's monetary policy introduced last year and the expected recovery in the global economy, will have a positive impact on the domestic economic situation," the bank said in a statement.
  • "The pace of the economic recovery in Poland will also depend on further developments of the zloty exchange rate."
Published 07 Apr, 2021 08:18pm
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
Fed will not keep interest rates low for government's benefit, Waller says
World

Fed will not keep interest rates low for government's benefit, Waller says

  • "My goal today is to definitively put that narrative to rest. It is simply wrong. Monetary policy has not and will not be conducted for these purposes."
  • The Fed's board members and the central bank's powerful chief are appointed by the president with approval of the US Senate, but the governors' long terms and protection from partisan dismissals are meant to insulate the central bank from political pressures.
Updated 29 Mar, 2021 08:09pm
US Fed to let leverage exemption expire on March 31, will review rule
World

US Fed to let leverage exemption expire on March 31, will review rule

  • Friday's decision means banks will have to resume holding an extra layer of loss-absorbing capital against those assets.
  • On Friday, Fed officials said they were confident that allowing the exemption to expire would not impair Treasury market liquidity or cause market disruption because the Treasury market had stabilized and big banks have high levels of capital.
Published 19 Mar, 2021 06:29pm
State Bank MPC: Policy Rate remains unchanged at 7pc
Business & Finance

State Bank MPC: Policy Rate remains unchanged at 7pc

  • Growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid.
  • Looking ahead, as the temporary increase in inflation from administered prices wanes, inflation should fall to the 5-7 percent target range over the medium-term.
Updated 19 Mar, 2021 05:21pm
Currency diaries
BR Research

Currency diaries

The appreciation of PKR against USD has continued for the past few weeks (since the start of Feb 21). Prior to that...
Published 19 Mar, 2021 07:25am
MPS: Hawks at bay
BR Research

MPS: Hawks at bay

The monetary policy announcement is tomorrow. Considering the SBP’s forward guidance in the previous policy ...
Published 18 Mar, 2021 07:25am