: Pakistan’s Sensitive Price Index (SPI) inflation rate fell to its lowest level in six and a half years, rising by just 1.16% year-on-year (YoY) for the week ending January 16, 2024. This data was shared by the Pakistan Bureau of Statistics (PBS) and analyzed by Topline Securities. Year-on-year inflation reflects rising prices of basic … Read more
Washington: US consumer price inflation rose for a third straight month in December as energy prices rose, according to government data published on Wednesday, increasing pressure on the Federal Reserve to halt interest rate cuts. The Labor Department said in a statement that the consumer price index accelerated to 2.9 percent last month compared to … Read more
IslamabadState Bank of Pakistan Governor Jamil Ahmed expects a temporary rise in inflation over the next three to four months, after a period of relief brought about by policy measures. Speaking on a television program on Monday, Ahmed attributed the expected rise to the “end of fundamental effects” and other upcoming factors. The governor stressed … Read more
Riyadh: Saudi Arabia’s annual inflation rate continued to slowly accelerate, reaching 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by rising housing rents. The General Authority for Statistics said that housing rents rose by 10.8% during the month of November, with apartment rental prices rising by … Read more
KARACHI – The Pakistan Business Council said an interest rate cut of about 200 basis points on December 16 is possible, with further cuts expected in early 2025 if inflation remains under control. “This cut will bring the interest rate closer to the prevailing three-month interbank offered rate (KIBOR), which is currently around 12.5 percent,” … Read more
India’s economic growth slowed more than expected in the third quarter, driven by weaker performances in manufacturing and consumption, likely increasing pressure on the central bank to consider cutting interest rates. GDP grew by 5.4% in the July-September period year-on-year, marking the slowest growth in seven quarters and below the 6.5% forecast in a Reuters … Read more
The government announced the retirement of 1.9 trillion rupees of debt, supported by record high revenues from the Petroleum Development Levy (PDL) and big profits from the State Bank of Pakistan (SBP), driven by high interest rates and low inflation. . According to the Ministry of Finance’s monthly economic update and outlook (November 2024), the … Read more
Islamabad: Pakistan’s inflationary trend is likely to decline further as the CPI-based figure is expected to fall below 5% in November, hitting a 78-month low, according to a Topline Securities report. The report said: “Pakistan CPI for November 2024 is expected to reach 4.5-5% y/y (+0.4% m/m), bringing the 5-year average of FY25 to 7.91% … Read more
A man sits next to the Bank of England in the financial district of London, Britain, August 14, 2024. – Reuters The Bank of England cut interest rates for only the second time since 2020. “We need to make sure that inflation stays close to target,” the governor says. Rachel Reeves’ Budget is expected to … Read more
Federal Minister of Finance and Revenue Senator Muhammad Aurangzeb during a press conference in his office. – Geo.tv (screenshot) FinMin says that inflation is expected to reach new lows in the coming days. Aurangzeb laments the loss of Chinese independent power engineers in Karachi. He urges those calling for strikes to consider the ramifications of … Read more