economies, there are high levels of debt, and if they go down to the 2% level, they might go into recession quite quickly. might go into recession quite cuickl ., , ., might go into recession quite auickl., . m, quickly. justin and bessie, lovely to quickly. justin and bessie, lovely to see quickly. justin and bessie, lovely to see you - quickly. justin and bessie, lovely to see you both. - quickly. justin and bessie, l lovely to see you both. have quickly. justin and bessie, - lovely to see you both. have a great day. see you soon. to pakistan now, where their latest move on interest rates may give us all pause for thought as their central bank has just raised its base rate to 22% to battle soaring prices. this followed a hike of 1% to a record high on the back of an emergency meeting on monday. now, this is all in a bid for pakistan to rescue its access to the latest tranche of bailout funds from the international monetary fund, which expires at the end of the month funds it de
try again. are you there? he is not. we have unfortunately lost the line he was explaining the significance of rupert stadler becoming the first board member to receive that sentence although he did avoid jail time. in other news. in pakistan, the central bank has just raised its base rate to 22% to battle soaring prices after an emergency meeting on monday. all this in a bid by pakistan to unlock the latest tranche of bailout funds from the international monetary fund. the deal expires at the end of the month and it desperately needs those funds. the president of the european central bank has said it s unlikely policymakers could stay soon when interest rates will reach their peak. she said the ecb policy would
Pakistani Prime Minister Shehbaz Sharif is hopeful of finalizing a deal with the IMF this month, as bailout funds are crucial for resolving the country's balance of payments crisis.
The money is a part of a $6.5 billion rescue plan that the IMF authorised in 2019 and analysts think is essential for Pakistan to avoid defaulting on its foreign payment obligations. The money can only be released after signing a staff-level agreement