Everyday happening in Pakistan and around
The US Federal Reserve has hiked its key rate by 25 basis points to combat inflation, but kept the door open to more interest rate increases in 2023. Fed chair Jerome Powell also stressed the central bank’s dedication to ensuring financial stability as well as fighting inflation. He said there was a broad research consensus that financial […]
Indian shares fell on Thursday, with IT stocks and financials leading the decline, following the US Federal Reserve’s announcement of a quarter-point rate hike and a possible pause in policy tightening. The Nifty 50 index closed down 0.44% at 17,076.90, while the S&P BSE Sensex slipped 0.5% to 57,925.28, despite trading between losses and gains […]
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 […]
Mountain forests, which host over 85% of the world’s bird, mammal, and amphibian species, are being lost at an accelerating rate, according to a study published in the journal One Earth. Since 2000, over 78 million hectares (7.1%) of mountain forest have been lost globally, an area greater than the size of Texas. Much of […]
The collapse of Silicon Valley Bank, amid massive losses on its bond investments due to rising US interest rates and a resulting fire sale, is a reminder of the risks associated with central banks raising interest rates aggressively, according to Alice Haine, personal finance analyst at Bestinvest. She believes the bank failure could increase pressure […]
