Economic growth
Amid concerns over rising household debt and weaker-than-expected economic growth, Mongol Bank's Monetary Policy Committee announced it would keep the policy interest rate unchanged at 12 percent. The committee also implemented a new macroprudential measure, setting a maximum debt-to-income ratio of 50 percent for newly issued bank loans
Financial markets
The State Bank of Pakistan (SBP) has taken measures to inject a record Rs14.304 trillion into the money market via conventional and Sharia-compliant open market operations (OMOs) to alleviate liquidity pressures. These pressures were caused by an increase in currency in circulation (CiC) during Eidul Azha and a delay
Economic growth
The US Federal Reserve has defied pressure from Donald Trump to cut interest rates, instead opting to leave rates at a range of 4.25-4.5% amidst growing concerns of stagflation. The decision came as the Fed cut its forecasts for economic growth and raised the inflation outlook, citing the
Economic growth
The US Federal Reserve has delivered a blow to President Donald Trump by slashing its economic growth forecasts for the next two years and raising inflation expectations. The central bank reduced its forecast for US GDP growth this year from 1.7% to 1.4%, and from 1.8% to
Financial markets
Switzerland's central bank, the Swiss National Bank, has reduced its target interest rate by a quarter of a percentage point, citing eased inflationary pressures. The bank noted that nearly flat inflation has nosedived into negative territory in May compared to February, primarily due to declining prices in the
Financial markets
A potential trade deal between the U.S. and Canada could lead to the Bank of Canada keeping its interest rate steady, impacting variable mortgage rates, while possibly making fixed-rate mortgages cheaper. The deal could boost consumer confidence and propel the economy, prompting the central bank to maintain its current
Economic growth
Business leaders in Karachi voiced strong criticism over the State Bank of Pakistan's (SBP) decision to maintain the status quo on interest rates, warning that the policy continues to choke economic growth and industrial recovery. Karach Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani expressed profound
Financial markets
Financial market volatility in both the euro area and the United States surged following the US Administration's tariff announcement on 2 April, closely aligning with a rise in economic policy uncertainty (EPU) since the autumn of 2021. This alignment marks a significant departure from the historically close co-movement
Economic growth
PublicInvest, a Malaysian investment bank, has revised its base case to include a 25 basis point cut in the Overnight Policy Rate (OPR) in the third quarter of 2025, contingent upon continued tariff suspensions and stable domestic conditions. This move follows Bank Negara Malaysia's recent decision to keep
European Union
At the opening ceremony of the first China International Import Expo in Shanghai in 2018, European Central Bank President Christine Lagarde likened China's economic growth to building a bridge to the future. Here, she shares her thoughts on China's role in global economic recovery, trade cooperation
European Union
Chinese Premier Li Qiang met with European Central Bank (ECB) President Christine Lagarde in Beijing, calling for greater openness and cooperation between the two sides. The meeting comes as the two sides mark the 50th anniversary of diplomatic relations, with Li Qiang emphasizing the potential for cooperation in various areas,
European Union
As global economic policies and geopolitics continue to shift, European Central Bank President emphasizes the need for Europe to strengthen its financial integration, combat uncertainty, and ensure its economic resilience. The EU's Single Market has been a cornerstone of European integration but remains incomplete, hindered by persistent barriers
