Central Bank Watch
Pakistani Central Bank Rate Cut
January 27, 2025
Pakistan’s central bank policy rate had been as low as 7.0% from June 2020 until September 2021 and as high as 22% from June 2023 until June 2024 after Pakistani CPI inflation peaked at 38% in May 2023. Today’s rate cut of one percentage point to 12.0% was the sixth reduction since June 2023 but […] More
New Overnight Developments Abroad - Daily Update
Softer Dollar and Wild Overnight Session in Equities
January 27, 2025
(207) The dollar fell overnight by 1.2% against the yen, 0.9% versus the Swiss franc, and 0.2% relative to the euro and sterling. The weighted DXY dollar index is 2.6% weaker than its 2025 high touched two weeks ago. Stock markets initially plunged, fed by two significant uncertainties. One was the claim by the Chinese […] More
