The U.S. Federal Reserve will likely need to keep interest rates higher for longer in order to firmly bring down inflation, a senior Fed official said Monday.
India Business News: The central government on Friday raised interest rates on 5-year recurring deposit to 6.7% for the December quarter. The effective hike in the five-ye
China News: China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
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.
Fed officials have in recent weeks suggested that the tighter lending conditions after Silicon Valley Bank s (SVB) dramatic collapse in March could act like an additional rate hike and help bring down inflation