Pak cenbank keeps interest rate at 22% amid alarming inflation surge
Monday, 18 March 2024 Pakistan's inflation rate reached an alarming 32.89% on Friday, prompting the central bank to keep key interest rates at 22% for the sixth consecutive term. "Inflation warrants a cautious approach, requires continuity of current monetary stance to bring inflation down to target range of 5 – 7% by Sept 2025", the central bank said.
Interest rates are currently at an all-time high as central banks such as the Bank of England, the US Federal Reserve, and the European Central Bank aim to bring inflation down to their..
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or..
Credit: Wibbitz Top Stories Duration: 01:30Published
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle..
Credit: Wibbitz Top Stories Duration: 01:31Published
Monday, 18 March 2024
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