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Russia hikes key interest rate to 20% | The Express Tribune
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[ad_1] MOSCOW: The Russian central bank on Monday raised its key interest rate to 20% from 9.5% to counter risks of rouble depreciation and higher inflation. Russia has also ordered companies to sell 80% of their foreign currency revenues, the…
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6% growth rate by 2025 targeted | The Express Tribune
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[ad_1] ISLAMABAD: The government has finalised a China-centric and tradable sectors-focused three-year economic growth strategy to achieve an average growth rate of 5.9% and per capita income of over $2,100 by 2025. The Planning Commission has shared the broader contours…
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Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
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[ad_1] Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades-high inflation. “In light of the remarkable progress we’ve seen…
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T-bill yields fall as SBP maintains rate | The Express Tribune
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[ad_1] KARACHI: The cut-off yields on treasury bills (T-bills) fell in the range of 15-68 basis points in the auction of sovereign debt securities on Wednesday, encouraging the government to raise a higher amount of debt against the target to…
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Monetary policy: SBP leaves policy rate on hold at 9.75%
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[ad_1] State Bank of Pakistan Governor Reza Baqir addressing a press conference on January 24, 2022. — YouTube screengrab KARACHI: State Bank of Pakistan (SBP) Governor Reza Baqir announced Monday that the monetary policy has been maintained at 9.75% for the…
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SBP increases policy rate by 100bps to 9.75%
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[ad_1] Building of State Bank of Pakistan in Karachi. — AFP/File KARACHI: In a bid to counter inflationary pressures and to ensure that growth remains sustainable, the State Bank of Pakistan (SBP) on Tuesday announced an increase of 100 basis…
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SBP hikes interest rate by 150 bps to 8.75%
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[ad_1] — AFP/File KARACHI: The State Bank of Pakistan (SBP) on Friday increased its benchmark policy rate by 150 basis points due to risks related to inflation. According to a statement issued by the central bank, it has decided to…
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Turkish lira hits record low as central bank cuts interest rate
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[ad_1] — AFP/File ISTANBUL: The Turkish lira sank to a record low against the dollar on Thursday after the central bank slashed interest rates for the third consecutive month following pressure to do so from President Recep Tayyip Erdogan. The…
