A man walks past a foreign exchange outlet in Mexico City. File/Reuters
Pakistan’s central bank (CB) kept its main interest rate at 13.25 per cent, having recently stopped hiking rates as data on the economy has begun to show that inflation is steadying.
The National Bank of Hungary’s (NBH) closely watched gauge of lasting price developments, tax-adjusted core inflation, will peak at 3.8% in the fourth quarter and decline from the end of 2019, the bank said in its quarterly inflation report.
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
The Saudi energy minister told a conference of the G20 group of the world’s largest economies on Friday that ensuring affordable energy supply is key to facilitating a global economic recovery.
Al Ghandi Auto, the sole retailer for Cadillac in United Arab Emirates and GMC and Chevrolet dealer for Dubai and the Northern Emirates, has launched its Stay At Home courtesy service in a bid to curb social interaction and limit the spread of COVID-19.
If the India lockdown continues till mid-May along with moderate relaxation after the end of 21-day lockdown on April 14, it could put 32 million livelihoods at risk and swell non-performing loans (NPLs) by seven percentage points,
India’s foreign exchange reserves declined by $902 million during the week ended April 3. According to the RBI’s weekly statistical supplement, the overall forex reserves decreased to $474.66 billion from $475.56 billion reported for the week ended March 27.