The State Bank of Pakistan (SBP) jacked up its policy rate by 16 per cent on Friday, the Express Tribune reported on Friday citing the bank after a meeting of its monetary policy committee (MPC), according to the Express Tribune.
On inflation, the report by the department of economic affairs said domestic prices of some food items have gone up in the wake of the rise in international prices. India's grain availability was impacted by the untimely heatwaves and deficiency of the southwest monsoon in the current year.
Reserve Bank of India's Deputy Governor also said that next week, deliberations would be starting for the next policy review to be announced in the first week of December and will have to depend on inflation data for October and growth data for July-September coming out on November 30.
New Delhi [India], November 24 (ANI/PNN): A long time New York best-selling Author, Global Business Advisor & Speaker Dr. Ram Charan launches his new book -Leading through Inflation: And Recession and Stagflation in Delhi on 23rd November 2022 at The Leela Palace. This book is co-authore
For the record, the US Federal Reserve on November 3 raised key interest rates in its fight against red-hot inflation in the country. It raised the key policy rate by 75 basis points to over a decade high at 3.75-4.0 per cent. Notably, this was the fourth consecutive hike of such magnitude.
Rahul Gandhi made the above remark while addressing the public gathering after the Bharat Jodo Yatra in Madhya Pradesh's Burhanpur on Wednesday. He also thanked the people of Madhya Pradesh for his lovely welcome in the state.
New Delhi [India], November 23 (ANI/PNN): The next potential economic downturn is here- with rising inflation and mass layoffs, it's time for businesses to use digital marketing as a growth and revenue-earning opportunity.
The Governor, while speaking about the rising inflation across the world, said that inflation in systemically important advanced economies turned out to be persistent rather than transitory.
Malaysia is heading for a hung parliament as the coalition led by opposition leader Anwar Ibrahim and ex-PM Muhyiddin Yassin make gains but fail to win a clear majority.
The committee held a meeting under the chairmanship of Qasier Ahmed Sheikh. Members of the National Assembly from PML-N have expressed concerns over the continuous increase in inflation rate and higher dollar value.
Biden and Sunak the two leaders accused Russian President Vladimir Putin and his regime of being "directly responsible" for precipitating global economic issues, including rising inflation.
The indices surged on Tuesday taking cues from the rally of global stocks on hopes that the US Federal Reserve would ease its aggressive policy stance. The ease in domestic inflation also helped the market sentiments.