Showing posts with label hike in interest rate. Show all posts
Showing posts with label hike in interest rate. Show all posts
Tuesday, 2 May 2023

Oil price slips to five week low on US default worries

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Oil prices sank 4% to a five-week low on Tuesday along with a drop in Wall Street stocks on worries about a US bond default, weak economic d...
Friday, 28 April 2023

First Republic Bank may be next to collapse

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The San Francisco-based bank could be the next financial institution to collapse, signaling that last month's banking crisis isn't o...
Wednesday, 5 April 2023

Business community slams hike in interest rate

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While slamming another 100 basis points (bps) hike in the benchmark interest rate to a record 21%, the business community on Tuesday questio...
Thursday, 2 March 2023

Pakistan: Takeaways from central bank briefing after 300bps hike in interest rate

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The State Bank of Pakistan (SBP) on Thursday increased the benchmark policy rate by 300bps to 20%. It noted that the recent fiscal adjustmen...
Friday, 13 January 2023

Pakistan: Bank deposits reported at PKR22.5 trillion at end December 2022

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According to State Bank of Pakistan (SBP) data, banking sector deposits increased by slightly more than 7%YoY to RKR22.5 trillion by end Dec...
Friday, 25 November 2022

Pakistan Stock Exchange benchmark index closes flat

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The uncertainty stemming from the appointment of the next Chief of Army Staff kept Pakistan Stock Exchange under pressure during the week en...
Monday, 23 May 2022

State Bank of Pakistan raises policy rate by 150bps to 13.75 percent

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In its meeting on May 23, 2022, the Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 13.75%. This act...