Tag: InterestRates
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The Bank of Japan maintains its negative interest rate
Tokyo, March 19 (AFP/APP): The Bank of Japan on Friday maintained its negative interest rate and tweaked its monetary easing programme as it battles to boost inflation and shore up the pandemic-hit economy. The adjustment, which marginally expands the fluctuation in long-term rates for 10-year bonds that the bank will accept, is seen as a potential forerunner to…
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SBP cuts the interest rate to 7 per cent
KARACHI: The State Bank of Pakistan (SBP) announced it had slashed the policy rate by 100 base points to bring the interest rate down to 7%. According to a tweet by the SBP’s official Twitter account, the decision had been taken by the Monetary Policy Committee that met today under the chairmanship of Governor, Dr…