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Poland keeps main rate at record low, weighs deflation

WARSAW: Poland’s central bank left its benchmark interest rate unchanged at a record low, sticking to a pledge by its governor to keep policy stable as it gauges the increased risks of a weaker-than-expected economic expansion and persistent deflation. The Monetary Policy Council, led by Governor Marek Belka, kept the [...]

‘Differences within govt hampering Pak economy’

WASHINGTON: “Factious relations” among the executive, military and judicial branches of government have “hampered Pakistan’s institutional effectiveness,” says international credit rating agency Moody’s. The agency, which gave a definitive B3 rating to Pakistan’s latest global bond offering earlier this week, warns that “these drawbacks have constrained the government’s policy effectiveness” [...]

Towards deflation

According to the latest figures released by the Pakistan Bureau of Statistics, inflation in Pakistan continues to decline, falling to a low of 1.3% in September on a year on year basis. This statistic refers to the Consumer Price Index (CPI) which covers the prices of 481 commodities every month. [...]

Takeover bid for an agency banking can’t stand

Last week, we discussed several developments that have the banking industry up in arms. Each of these trace back to Democratic Senator Elizabeth Warren. The first was the new mortgage disclosure rules from the Consumer Financial Protection Bureau. The regulations consolidate several documents, mandate greater transparency in simpler language and [...]

The Fed and its fear of financial analysis

The Federal Reserve isn’t just afraid of financial instability, it appears to fear financial analysis too. How else do you explain the strong relationship between the appearance of words like “equity values”, “froth”, and “lending standards” in interest-rate setting discussions and the Fed cutting interest rates? If you made this [...]

Afridi wants sub-continent teams to join forces

KARACHI: Pakistani all-rounder Shahid Afridi criticised Australia’s decision to call off their Bangladesh tour citing terrorism fears, saying Monday that while security was paramount tours should “not be cancelled over minor issues”. Australia scrapped their two-Test tour of Bangladesh last week after official warnings militants may attack Western interests. The [...]