The State Bank of Pakistan (SBP) announced on Thursday that it was raising its policy interest rate by 300 basis points (bps) to 20%, citing rising inflation and a widening current account deficit as the primary reasons for the move. The central bank’s decision was met with mixed reactions from.

Sri Lanka’s central bank has announced that it will relax its currency band from next week in a move towards a market-determined exchange rate. The decision comes as Sri Lanka seeks to secure a $2.9 billion bailout from the International Monetary Fund (IMF) to help tackle its worst financial crisis.

Introduction On Thursday, the U.S. dollar regained some of its earlier losses after the Federal Reserve gave a signal that it may pause interest rate hikes. This move came as the Swiss National Bank and Bank of England pushed ahead with their own rate increases. In this article, we will.

The Federal Open Market Committee (FOMC) has recently released its latest statement and economic projections. The Fed’s shift in its forward guidance suggests a dovish stance, leading to market expectations of rate cuts by year-end. Introduction: The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal.

Most Asian currencies fell on Friday amid speculation over how soon the Federal Reserve would pause interest rate hikes. The US central bank has been gradually raising rates since 2015, but the recent stock market turbulence and concerns over global growth have fueled doubts about further rate increases.  Dollar steadies.

The US dollar has been steadily declining in value in recent weeks, with the currency hitting a seven-week low in early European trade on Friday. The decline in the value of the dollar has been attributed to concerns about the stability of the banking sector, which have caused traders to.

Asian currencies are trading flat-to-low as the Chinese economy shows a mixed recovery. The Chinese yuan has fallen 0.2% after data showed that industrial production grew less than expected in February. Asian Currencies Trade Flat-to-Low Range Most Asian currencies are trading in a flat-to-low range as investors await data on.

Background Investors have turned less bearish on the Chinese yuan and Singaporean dollar, among other Asian currencies, as they cut short bets due to fears of a banking crisis. According to a recent Reuters poll, this shift in sentiment comes as major central banks pause in policy tightening. The poll,.

Introduction Lebanon’s central bank is taking drastic measures to combat the spiralling devaluation of the Lebanese pound. On Tuesday, Governor Riad Salameh announced that the bank will begin selling unlimited amounts of US dollars. The move comes as the exchange rate on the central bank’s platform, Sayrafa, has steadily risen.

The US dollar has fallen to its lowest level since mid-February as Treasury yields increase before the Federal Reserve rate decision. Expectations of a rate move have slightly increased, but are still not fully priced in. US dollar sinks to mid-February lows The US dollar is struggling on Wednesday despite.

The euro reached its highest level in over a month following warnings from ECB officials about the ongoing inflation pressure and their reluctance to loosen policy in the near term. This article delves into the implications of this development. Euro Surges as ECB Officials Reveal Inflation Pressure The euro has.

Introduction The US dollar has been experiencing a losing streak for the past few days as the Federal Reserve hinted at the end of interest rate hikes. The Swiss franc, on the other hand, has risen after its central bank raised rates. This article will delve into the details of.