Trends - interest rate - Business Recorder

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IMF projects decline in Pakistan's gross debt

ISLAMABAD: The International Monetary Fund (IMF) has projected a decline in the government gross debt for Pakistan,...

Updated 14 Oct, 2021 10:26am

Business & Finance

Pound jumps

LONDON: Sterling rallied nearly 1% on Thursday after the Bank of England said two of its policymakers had voted for...

Published 24 Sep, 2021 04:40am

Business & Finance

Increased interest rate to hurt growth, job prospects: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and ...

Published 23 Sep, 2021 04:35am

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CAD, inflation: Interest rate hiked by 25 bps to 7.25pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has announced to raise the key...

Updated 21 Sep, 2021 10:05am

Print

Experts say interest-rate hike aimed at ‘appeasing’ IMF

ISLAMABAD: The decision to raise the discount rate by 25 basis points may have been taken to appease the...

Updated 21 Sep, 2021 11:34am

Business & Finance

First hike in over 2 years: SBP raises key interest rate by 25 basis points

Takes it to 7.25%
The SBP last increased the interest rate in July 2019, when it took it to the maximum level of 13.25%

Updated 20 Sep, 2021 04:57pm

Business & Finance

FPCCI wants interest rate below 5pc

KARACHI: Mian Nasser Hyatt Maggo, President FPCCI, leading a delegation called on Dr Reza Baqir, Governor State Bank...

Published 13 Aug, 2021 04:44am

Business & Finance

APCPLA concerned over keeping interest rate at 7pc

FAISALABAD: Chair-man All Pakistan Cotton Power Looms Association (APCPLA) Rana Azhar Waqar expressed concern over...

Published 01 Aug, 2021 04:46am

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Policy rate kept on hold at 7pc to support growth

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

Updated 28 Jul, 2021 09:34am

Business & Finance

Encouraged by 'positive developments', SBP keeps interest rate unchanged at 7%

Growth projected to rise from 3.9 percent in FY21 to 4-5 percent this year, says central bank in monetary policy statement
Economic recovery will be accompanied by external stability, adds SBP

Updated 27 Jul, 2021 08:11pm

Business & Finance

Russia's key rate could be above 6pc some time next year, says central bank

The central bank raised its key interest rate by 50 basis points to 5.5% earlier this month and said more hikes would be needed to rein in inflation, which had accelerated to 6.15% as of June 7.
At this point in time we can only say that both growth and inflation are probably tracking somewhat higher than the April forecast presumed.

Updated 23 Jun, 2021 05:23pm

Business & Finance

Brazilian real hits 1-year high against dollar

BRASILIA: Brazil’s real surged to a one-year high against the dollar on Wednesday, as the prospect of another...

Published 17 Jun, 2021 03:27am

Business & Finance

Russia seen raising rates again on Friday as inflation remains high

Central bank seen making 25 or 50 bps hike.
Bank of Russia to deliver decision at 1030 GMT on Friday.

Published 07 Jun, 2021 06:40pm

Markets

Gold slips as firmer dollar offsets easing US bond yields

Silver dipped 0.7% to $27.58 per ounce, palladium fell 0.1% to $2,841.20, while platinum rose 0.2% to $1,164.37.

Published 07 Jun, 2021 11:27am

Business & Finance

Current economic turnaround sustainable, says SBP’s Reza Baqir

Points towards current account balance as primary reason for Pakistan's ability to continue its growth momentum

Published 29 May, 2021 01:41pm

Markets

Brazil's real rises as inflation keeps up rate hike hopes

The Mexican currency was flat. Data on Tuesday showed Mexico swung to a bigger-than-expected trade surplus in April powered by record exports.
Separate data also showed consumer confidence in Brazil rose in May as households looked through the second wave of the pandemic.

Updated 25 May, 2021 09:31pm

World

Ghana April consumer price inflation 8.5pc year-on-year in April

The drop puts the rate within the Bank of Ghana's targeted band of 8% plus or minus 2 percentage points for the first time since January.
The central bank, which kept it's prime interest rate unchanged at 14.5%, said in March that it expected headline inflation in the gold-, cocoa-, and oil-producing country to return to the target band in the second quarter of 2021.

Published 12 May, 2021 04:55pm

Business & Finance

Norway central bank rate hike beckons as recovery continues

Norway rates on hold at record low 0.0%.
Hike likely in 2nd half of 2021 amid rebound from pandemic.
Economic uncertainty remains, but is no longer "substantial".
Norges Bank could become first in G10 to hike.

Published 06 May, 2021 05:51pm

BR Research

Arresting interest rate trends

There seems to be a change of heart in banks’ treasury offices. This is suggested by the decline in T-Bills yields...

Published 23 Apr, 2021 07:25am

Business & Finance

Congo central bank cuts interest rate to 10.5pc

It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations.
Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year.

Published 16 Apr, 2021 07:41pm

Business & Finance

Turkey's central bank holds interest rate at 19pc under new chief

The lira held steady against the dollar minutes after the decision was announced, but economists said the central bank was opening the door to future rate cuts.

Published 15 Apr, 2021 04:39pm

Business & Finance

South Africa's electricity, water price hikes pose risk to inflation outlook: central bank

"These risks, should they materialise, could drive headline above the 4.5% target midpoint and possibly dislodge inflation expectations away from the midpoint," the bank said in its bi-annual Monetary Policy Review (MPR).
The South African Reserve Bank (SARB) targets consumer price inflation of between 3% and 6%, and the rate stood at 2.9% in February.

Published 14 Apr, 2021 08:30pm

Markets

Mexico central bank says pause in interest rate cuts doesn't mean easing cycle over

Mexico's economy contracted by 8.5pc in 2020, its deepest dive in almost 90 years, due to the ravages of the COVID-19 pandemic.

Updated 09 Apr, 2021 12:08am

Business & Finance

Mexico annual inflation seen at 4.66pc in March, above target range

The Bank of Mexico, or Banxico, targets an inflation rate of 3pc with a one percentage point tolerance threshold above and below that level.

Published 06 Apr, 2021 01:20am

Print

Azhar optimistic about economic prospects

ISLAMABAD: The newly appointed federal minister for finance Hammad Azhar on Sunday said that despite all challenges...

Published 05 Apr, 2021 03:56am

Markets

Resolving crises: Expert suggests cut in interest rate, energy tariffs

KARACHI: “If we have to seriously pull out the country from crises, two radical decisions have to be made,...

Published 21 Mar, 2021 04:05am

Markets

Australian 3-year bond yields hit record low

SYDNEY: Yields on Australian three-year government bonds slipped to a record low on Friday as the country's central...

Published 13 Mar, 2021 04:28am

Business & Finance

Low-interest rate, stable currency boost Pakistan’s corporate sector earnings

The analyst added that a major chunk of the profits is retained by the companies, which are used for expansion purposes that lead to economic growth and employment creation.

Published 09 Mar, 2021 11:42am

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

Business & Finance

Bank of Canada's next move to be tapering asset purchases

The consensus of the March 1-5 poll predicted the BoC would keep its key interest rate on hold at 0.25% through to the end of next year, unchanged from the previous poll.
More than 70% of poll participants, or 15 out of 21, who responded to an additional question, said the central bank would taper its asset purchases programme as its next move.

Published 05 Mar, 2021 06:19pm