Search For "monetary"
Pakistan may head towards bankruptcy: report
Updated : 3 years, 1 month ago IST
Pakistan is running out of money and at the same time the country is witnessing a spike in food prices, on a path to bankruptcy.
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Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 1 month ago IST
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
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China plays catch-up with India in Sri Lanka; fails
Updated : 3 years, 1 month ago IST
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
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Pakistan's economic crisis going from bad to worse: Report
Updated : 3 years, 1 month ago IST
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
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Pakistan's virtual talks with IMF likely from next week
Updated : 3 years, 1 month ago IST
Amid a reeling economic crisis and falling foreign exchange reserves, virtual talks between Pakistan and International Monetary Fund (IMF) are likely to commence next week, Geo News reported.
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US Fed's Brainard makes case for further policy tightening to cool inflati
Updated : 3 years, 1 month ago IST
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it was reportedly 7.7 per cent.
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Inflation too high, European Central Bank committed to containing it
Updated : 3 years, 1 month ago IST
European Central Bank President Christine Lagarde said inflation is too high and reiterated the central bank's determination to bring it back to 2 per cent.
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Macroeconomic stability getting bolstered, says RBI monthly bulletin
Updated : 3 years, 1 month ago IST
The article said emerging markets are appearing more resilient than in the year gone by, but their biggest risks in 2023 stem from US monetary policy and the US dollar.
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US Fed chief Jerome Powell tests positive for Covid
Updated : 3 years, 1 month ago IST
US Federal Reserve Chair Jerome Powell tested positive for Covid-19 and is experiencing "mild symptoms".
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There's evidence major central banks diversifying away from USD: Credit Su
Updated : 3 years, 1 month ago IST
At present, the US dollar represents slightly more than 60 per cent of global foreign exchange reserves at central banks, compared to more than 80 per cent in the early 1970s.
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War of words between China and US over Sri Lanka debt
Updated : 3 years, 2 months ago IST
The Chinese Embassy in Sri Lanka slammed the US recently after an American diplomat called China a 'spoiler' to Sri Lanka's negotiations with the International Monetary Fund (IMF) in a recent interview.
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More interest rate hikes needed to fight inflation, says US Fed's Bowman
Updated : 3 years, 2 months ago IST
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target.
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