Trends - inflation - Business Recorder

Editorials

A nimble MPS?

EDITORIAL: The Monetary Policy Statement (MPS) announced on 22 August 2022, as expected, kept the policy rate...

Published 24 Aug, 2022 05:08am

Business & Finance

Dollar higher on risk aversion; euro revisits parity

NEW YORK: The US dollar rose across the board on Monday, briefly driving the euro back below parity, as investors...

Published 23 Aug, 2022 05:56am

Print

Policy rate kept unchanged at 15pc: MPC sees headline inflation surging to its peak in Q1

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

Updated 23 Aug, 2022 09:21am

Business & Finance

UK inflation to hit 18% in early 2023, Citi forecasts

LONDON: British consumer price inflation is set to peak at 18% - nine times the Bank of England’s target - in early...

Published 22 Aug, 2022 03:12pm

Pakistan

Monetary policy: SBP keeps key interest rate unchanged at 15%

Monetary Policy Committee says with recent inflation developments in line with expectations, domestic demand beginning to moderate and the external position showing some improvement, it felt it was prudent to take a pause at this stage

Updated 22 Aug, 2022 05:10pm

World

Ukraine war pulls rug out from under world economy rebound

PARIS: This year was supposed to confirm the world economy’s comeback from the Covid pandemic crisis. Instead, the...

Published 22 Aug, 2022 09:37am

Business & Finance

Walmart results top estimates as inflation alters consumer behavior

NEW YORK: Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing...

Published 22 Aug, 2022 07:38am

Business & Finance

US 10-year note flirts with 3pc yield after German inflation scare

NEW YORK: US Treasury yields rose on Friday with the benchmark 10-year note nearly hitting 3% after Germany reported...

Published 22 Aug, 2022 06:33am

Opinion

UK slips towards recession, heaping pressure on next PM to help

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,...

Published 21 Aug, 2022 05:16am

Opinion

Oil prices fall but inflation stays high

Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it...

Published 20 Aug, 2022 03:41am

BR Research

Remittances slip

Growth in remittances has been phenomenal. However, remittance in July 2022 saw a dip of almost 8 percent...

Published 19 Aug, 2022 08:54am

Business & Finance

In UK, workers strike as inflation crushes earnings

LONDON: Railway and postal staff, dockers too. Britain’s workers are striking in vast numbers as decades-high...

Published 18 Aug, 2022 12:25pm

Markets

Hong Kong stocks end with big losses

HONG KONG: Hong Kong shares closed deep in negative territory Thursday, in line with a sell-off across world markets...

Updated 18 Aug, 2022 01:55pm

Business & Finance

UK inflation hits double digits, highest since 1982

LONDON: British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual...

Published 17 Aug, 2022 11:40am

Business & Finance

India’s July WPI inflation eases to 13.93% y/y

NEW DELHI: India’s wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food...

Published 16 Aug, 2022 12:49pm

Markets

Indian shares rise, NSE index at over four-month high

BENGALURU: Indian shares traded higher on Tuesday, with the NSE Nifty 50 index trading above 17,800 for the first...

Published 16 Aug, 2022 10:43am

Business & Finance

Saudi inflation rises to 2.7% in July on higher food prices

DUBAI: Saudi Arabia’s consumer price index rose 2.7% in July from a year earlier, government data showed on Monday,...

Published 15 Aug, 2022 01:30pm

Business & Finance

‘Now Hiring’: US employers struggle to find enough workers

WASHINGTON: Salespeople, food servers, postal workers – “Help Wanted” ads are proliferating across the United...

Published 14 Aug, 2022 10:37am

Print

‘Economic recovery continues despite challenges’

Healthy revenue growth, improved manufacturing and agricultural output boost growth

Updated 13 Aug, 2022 09:27am

Markets

Asian markets struggle as traders contemplate more rate hikes

HONG KONG: Asian markets mostly fell Friday, winding back some of the previous day’s rally, as traders come to terms...

Published 12 Aug, 2022 09:50am

Editorials

Inflation and policy rate

EDITORIAL: Murtaza Syed, Acting Governor State Bank of Pakistan, in an interview with a local media outlet, conceded...

Updated 12 Aug, 2022 06:05am

Business & Finance

China’s factory inflation hits 17-month low, consumer prices speed up

BEIJING: China’s factory-gate inflation eased in July to a 17-month low, defying global cost pressures as slower...

Published 11 Aug, 2022 04:35am

Business & Finance

Germany plans 10bn euro inflation relief tax package

BERLIN: Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring...

Published 11 Aug, 2022 04:35am

Perspectives

Without structural reforms, rupee's screams will only get louder

It is no secret that the world is passing through one of its most tumultuous phases in recent memory, both on the...

Published 10 Aug, 2022 03:23am

Business & Finance

Safe haven dollar eases as risk appetite lifted by jobs data

NEW YORK: The dollar eased on Monday, giving back some of the gains it made following Friday’s blockbuster US jobs...

Published 09 Aug, 2022 03:37am

Markets

Wall St set for higher open after selloff on jobs data

US stock indexes were set to open higher on Monday after last week’s blockbuster jobs data soothed some fears about...

Published 08 Aug, 2022 06:51pm

Business & Finance

New Zealand’s near-term inflation expected to slow, central bank survey shows

WELLINGTON: New Zealand’s near-term rate of inflation is expected to slow in the third quarter of 2022, a survey...

Published 08 Aug, 2022 11:35am

World

US Senate Democrats fend off amendments to $430bn climate and drug bill

WASHINGTON: The US Senate on Sunday repelled attempts to amend a $430 billion measure sought by President Joe Biden,...

Published 07 Aug, 2022 11:14am

Opinion

Monetary policy: chasing vs targeting inflation

The statement from Dr. Murtaza Syed, Acting Governor the SBP (State Bank of Pakistan) that monetary policy ‘will...

Published 07 Aug, 2022 05:41am

Editorials

Another global recession?

EDITORIAL: That the International Monetary Fund (IMF) has once again cut its global growth outlook for 2022, to 3.2...

Published 06 Aug, 2022 04:02am