Tag Archives: Rate

Bank of Japan holds rate steady, continues easing measures

Bank of Japan holds rate steady, continues easing measures

TOKYO: Japan’s central bank on Tuesday kept its key rate unchanged and said it would assess the impact of earlier measures to boost the faltering economy amid fears of a looming slowdown. The bank’s board made the unanimous decision to keep the key rate between zero and 0.1 percent after a two-day meeting, warning that a fragile recovery from deep recession was “pausing”.
“The bank will continue to carefully examine the outlook for economic activity and prices, and take policy

‘Islam orders severe punishments only for reducing crime rate’

LAHORE: Islam orders severe punishment only for reducing crime rate in society, Lahore High Court (LHC) Chief Justice (CJ) Ijaz Ahmed Chaudhry said on Tuesday. He made these remarks while meeting bar association representatives from Sargodha, Shahpur and Gorja who called on him at his chamber. The LHC said that criminals and offenders were awarded punishments for eliminating corruption and crime. Lawyers appreciated the LHC CJ’s anti-corruption campaign and invited his attention to

KSE relentless despite hike in discount rate

KARACHI: Despite the hike in discount rate, the benchmark index underwent a massive surge during the week as it gained over 261 points. The average volume was 165 million, significantly greater than the average daily volume for the current year.
The KSE-100 ended Friday at 11,407 level, gaining a weekly 2.3 percent to close at the highest level since July 10, 2008. Average daily volumes rose by 150 million, showing a weekly boost of 27 percent. The index ascent was inexorable as

SBP increases discount rate to 14 percent

LAHORE: In order to control the rising inflation in the country, the State Bank of Pakistan (SBP) on Monday increased the discount rate from 13.5 percent to 14 percent.
The decision will take effect from Tuesday (today), the SBP decided in a meeting of its Central Board of Directors that was chaired by SBP Governor Shahid Hassan Kardar. The SBP showed reservations over government borrowings from the central bank, and said inflation would remain in double digits in the ongoing

SBP to keep policy rate ‘intact’ at 13.5pc

KARACHI: Analysts, making conservative estimates, expect that the State Bank of Pakistan (SBP) will maintain the monetary policy rate at 13.5 percent for next two months.
The central bank is all set to announce its two-month Monetary Policy on Monday November 29, 2010. Analysts are of the view that the SBP will prefer to keep the policy rate untouched for the next two months. The government’s renewed effort to raise more tax revenue, to bring the fiscal deficit down at around