Everyday happening in Pakistan and around
Inflation in Pakistan is expected to accelerate in March, pushing the Consumer Price Index (CPI) to 34.34% year on year, according to a report by brokerage house JS Global. The figure would be the highest since at least 1965, the report said, and would mean a month-on-month increase of 2.95%. Higher food prices, long-delayed gas […]
US central bankers must address rising inflation without causing further troubles in the financial sector in the wake of the collapse of Silicon Valley Bank. Despite Federal Reserve boss Jerome Powell signalling a willingness to hasten interest rate hikes, most analysts and traders expect a 25bps increase, matching last February’s move. Early treasury bond losses from […]
The State Bank of Pakistan (SBP) is expected to raise its key policy rate at its upcoming Monetary Policy Committee meeting in early April as the country grapples with high inflation and is in talks with the International Monetary Fund (IMF) for the revival of its bailout package. Arif Habib Limited predicts the SBP will […]
The International Criminal Court has issued an arrest warrant for Russian President Vladimir Putin over the deportation of children from Ukraine. Chinese leader Xi Jinping is set to visit Putin in Russia next week, reaffirming Beijing’s strong ties with Moscow. The OECD has upgraded its outlook for global growth this year from 2.2% to 2.6%, […]
US inflation is expected to remain high, complicating the Federal Reserve’s (Fed) decision-making as it deals with bank failures and broader concerns over financial stability. According to an estimate by Reuters, February’s consumer price index is forecast to have increased by 6% YoY, with “core” CPI up 5.5%. The data is due for release on […]
The Office for National Statistics (ONS) in the UK has added e-bikes, frozen berries, and security cameras to the basket of goods and services it uses to track inflation. The changes reflect the growing popularity of new technology and environmental concerns. The ONS added 26 new items and removed 16 from the basket, which comprises […]
Indian shares have hit a five-month low, pulled down by a fall in financial stocks prompted by Silicon Valley Bank’s collapse. The Nifty 50 dropped 1.5% to 17,154.30, while Sensex slid 1.52% to 58,237.85. Easing fears of contagion, further rate decisions are due by several central banks, and US authorities have announced plans to limit […]
