The U.S. Federal Reserve lowered its target interest rate but signaled it might take longer than previously expected to bring inflation down to the central bank’s target rate of 2%…
Inflation
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Business
SBP cuts policy rate by 200bps as inflation continues to decline
by NWMNewsDeskby NWMNewsDeskThe State Bank of Pakistan (SBP) on Monday slashed the key policy rate by 200 basis points (bps) to 13%, marking its fifth consecutive cut as inflation continues to drop.…
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The Federal Reserve cut its key interest rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s…
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Business
Inflation in Australia surprisingly strong, raises odds of Nov rate hike
by NWMNewsDeskby NWMNewsDeskAustralian inflation was surprisingly strong in the third quarter amid broad-based and stubborn cost pressures, a headache for policymakers that added greatly to the risk of a rise in interest…
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As a result of the continuing rise in the cost of energy and petroleum goods, inflation is predicted to stay high in the ensuing months. The Ministry of Finance has…
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Annual inflation in Egypt hit 39.7 per cent in August, official figures showed Sunday, an all-time high for the country as it grapples with a punishing economic crisis. It comes…
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Business
Inflation shows no signs of weakening in Pakistan, stands at 27.4%
by NWMNewsDeskby NWMNewsDeskInflation has become a serious global problem that affects all countries. With a 27.4% inflation rate, Pakistan is struggling with rising costs, which has led to a closer look at…