[ad_1] KARACHI: Pakistan’s real interest rate – the current interest rate minus the inflation reading – has entered positive territory on a spot basis after a gap of 37 months on Monday, increasing the probability that the central bank will make the first cut in its policy rate in the …
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to determine the benchmark interest rate for the next six weeks. It will be a highly tricky meeting with almost half of the financial experts and key investors betting on the bank cutting the rate, while the remaining half …
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[ad_1] KARACHI: Pakistan’s banks listed on the stock market have reported an outstanding growth of 86% in their net profit in the year ended December 2023, boosting total earnings to a record high of Rs572 billion amid a higher interest rate season in the country. The banks have managed to …
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[ad_1] Bloomberg last week became the second major global firm to announce inclusion of Indian government securities in an emerging market bond index after JPMorgan Chase (Sept 2023). These moves are seen to boost dollar inflows into the country and bring down the rate of interest. Since these indices are …
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[ad_1] HDFC Bank FD rates: HDFC Bank has increased fixed deposit interest rates for select tenures by as much as 25 basis points (bps) for deposits below Rs 2 crore. These updated FD rates came into effect starting February 9, according to information provided on the HDFC Bank website.What are …
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[ad_1] The State Bank of Pakistan (SBP) on Tuesday decided to maintain its benchmark interest rate unchanged at 22 percent. The announcement came after a meeting of the bank’s Monetary Policy Committee (MPC) today. “MPC noted that Nov-23 inflation was higher than expected mainly due to gas price hike. While …
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[ad_1] MUMBAI: The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review later this week, with inflation staying in comfort zone and economic growth moving at an accelerated pace, opined experts. The RBIhas left the benchmark policy rate (repo) unchanged …
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