InfoAnda - PREVIEW-Pakistani c.bank likely to slash policy rate

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Deadly medicine found in 2 more Chinese provinces | 5 February 2009
Last Supper is growing by Biblical proportions | 24 March 2010
Most 9/11 responders settle suits over WTC dust | 20 November 2010

Three-way tie for lead at Vietnam golf Masters | 6 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : PREVIEW-Pakistani c.bank likely to slash policy rate

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World PREVIEW-Pakistani c.bank likely to slash policy rate Reuters - Tuesday, November 24 Send IM Story Print * What: Pakistan's monetary policy for December and January * When: Tuesday 1200 GMT, Nov. 24 * A 50-100 basis-point rate cut seen on Tuesday By Sahar Ahmed KARACHI, Nov 23 - Pakistan's central bank is likely to cut its key policy rate by 50 or 100 basis points on Tuesday to spur economic growth which fell to its slowest in eight years, analysts said on Monday. The International Monetary Fund , which bailed out Pakistan to avert a balance of payment crisis in 2008, has repeatedly urged caution on cutting interest rates unless "economic and financial conditions permit." At its previous review in September the State Bank of Pakistan kept the policy rate unchanged at 13 percent after cutting it by 100 basis points in August. "With inflation at a 22-month low, coupled with an improving external position, a cut in the policy rate is likely," said Mohammed Sohail, chief executive at Topline Securities. The central bank is due to announce its monetary policy decision on at 5 p.m. Tuesday. Analysts said the central bank would cut the policy rate to spur growth which had slipped to 2 percent in the 2008/09, the lowest since 2000/2001, in the the last fiscal year ended in June. But some expect the central bank to remain cautious and cut rates by 50 basis points to 12.5 percent as continued government spending and rising commodity prices pose a threat to inflation. In August, the IMF said in a review that its staff argued that rates should remain on hold until core inflation shows a further significant decline. [ID:nISL427802] Pakistan's consumer price index rose 8.87 percent in October, the slowest pace in 22 months, according to official data. [ID:nISL478545] Core inflation has eased to 11 percent last month from 12.6 percent in August. Inflation peaked at a record high of 25.3 percent in August 2008 because of higher commodity and oil prices before easing in 2009. Pakistan pledged to keep its fiscal deficit at 4.9 percent of gross domestic product in the 2009/10 fiscal year under a deal with the IMF. The Finance Ministry has yet to report figures for the first quarter of this fiscal year but analysts expect the deficit to overshoot the target by 0.3 percent. However, central bank governor Salim Raza said this month the country should meet the fiscal deficit target for the first six months of 2009/10 fiscal year. [ID:nLB120506] Pakistan agreed to a $7.6 billion IMF loan over two years in November last year. The IMF increased the loan by $3.2 billion in July. More than $5 billion has been released. (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan) ((E-mail: sahar.ahmed@thomsonreuters.com; Reuters Messaging: sahar.ahmed.reuters.com@reuters.net; Karachi newsroom: +92-21 3568 5192)) (If you have a query or comment about this story, send an e-mail to news.feedback.asia@thomsonreuters.com) Recommend Send IM Story Print Related Articles Gold hits record above $1,170/oz as dollar slides Reuters - 1 hour 19 minutes ago Falling Chicago Fed index bodes ill for U.S. recovery Reuters - 1 hour 25 minutes ago Wall St opens higher after Bullard comments Reuters - 1 hour 27 minutes ago US STOCKS SNAPSHOT-Wall St opens higher after Bullard comments Reuters - 1 hour 33 minutes ago Citi, UBS rank low in S&P new capital ratio study Reuters - 1 hour 36 minutes ago News Search Top Stories Atlantis astronauts begin third and last spacewalk U2 to headline Glastonbury festival Atlantis astronauts begin final spacewalk Executives testify in Airbus insider trading probe OECD area shakes off recession with fragile rebound More Top Stories » Most Popular Most Viewed Most Recommended Antarctic ice loss vaster, faster than thought: study BA warns cabin crew over strike: report Crisis forcing hard-up Spaniards to sell their hair Harnessing the power of salt, Norway tries osmotic power US economy will 'bounce back': Indian PM More Most Viewed » Alcohol helps cut heart disease risk for men: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 23 November 2009
Failed N. Ireland car bomb highlights terror threat
Iran releases ex-official on bail in mass trial
Dissidents suspected in N. Ireland bomb attempt
Alleged Iraq bombers offer confessions
Egypt's president warns Israel over Jerusalem
Sudan delays elections by six days | International |
Iran wants nuclear fuel guarantees
Saudi troops killed in Yemen rebel clashes: report | International |
Iran's Mousavi tells government to end intimidation
Iran's Mousavi tells government to end intimidation | International |
Algeria court acquits two ex-Guantanamo detainees | International |
Pakistan troops repulse militant attack
Iran begins war games to protect atom sites
RI bishop asked Kennedy in 2007 to avoid Communion
Police identify gunman in deadly Saipan rampage
Indonesian ferry sinks; 29 dead, some 240 rescued
Democrats: Health care bill saves money and jobs
Officials: Pakistani troops kill some 40 militants
Va. Military Institute faces sexism accusations
China mine explosion death toll reaches 92
Senate moderates frustrate other Democrats on bill
Dalai Lama says Obama not soft on China
Durbin says deadline looming for health care bill
NRC investigating radiation at Three Mile Island
Indonesian ferry sinks; 25 dead, some 240 rescued
Schumer says public option can pass the Senate
China's defense minister travels to North Korea
Indonesian ferry sinks; 15 dead, some 230 rescued
Nelson might not back next step for health bill
Senate Dems frustrated with sway held by moderates
Smash Twilight sequel enters record books | Entertainment |
Jackson, Swift face off at American Music Awards
Tensions between British, US military over Iraq
BA warns cabin crew over strike: report
China families protest mine disaster, toll hits 104 | International |
News Corp, Microsoft hold talks on Google: report
Iraq says October 25 bombers came from Syria: spokesman
Spanish PM vows sweeping reforms to boost economy
Harnessing the power of salt, Norway tries osmotic power
eBay apologizes for technical glitch in search function
Indonesian ferry sinks; 29 dead, most survive | International |
Laptop becomes reality for Uruguay's schoolchildren
Iraqi parliament fails to reach election deal | International |
Sudan delays elections by six days
Somali pirates holding 12-year-old hostage: Spanish skipper
US-TECH Summary
US economy will 'bounce back': Indian PM
eBay says fixes search glitch on website
China quake activist jailed for three years | International |
Antarctic ice loss vaster, faster than thought: study
Pakistani militant group an intractable Indian foe | International |
Saudi troops killed in Yemen rebel clashes: report | International |
Laptop becomes reality for Uruguay's schoolchildren
eBay says fixes search glitch on website | Technology |
Study: kids watching hours of TV at home daycare
Winners at the American Music Awards
Japan mulls F-35 purchase as next main fighter jet
Australia battles wildfires as threat eases: officials
S.Korea ignores N.Korea offer to resume tours
Palin dines, prays with Rev. Billy Graham in NC
Chinese dissident Huang Qi sentenced to 3 years
SF area officer, passenger injured during arrest
4 Taiwan fishing vessels detained by Myanmar
Hundreds rescued as 29 die in Indonesia ferry sinking
Key senators seek changes on US health care bill
Khmer Rouge prison chief anxious as trial wraps up
China quake activist jailed for three years
Swimmers, poets among 2010 Rhodes Scholars from US
Weather forecast for the Asia-Pacific region
Grand Canyon to change 'unfair' permit system
Demonstration at UC Santa Cruz ends peacefully
Cambodia begins final arguments in KRouge jail chief trial
Taiwan to curb Chinese investment in key sectors: report
Miners' families want answers in China mine blast
NZ consumer confidence eases in November -survey
Survivors recount China mine disaster; 104 dead
S.Korea won up on stock-linked deals, trade data
Seoul shares rangebound;KEB jumps on Hana interest
S.Korean bonds down on KDI report, auctions
Japan markets closed
Taylor Swift wins five American Music Awards | Entertainment |
Seoul shares open up on foreign buying, KEB
Michael Jackson's glove sells for $350,000 at auction | Entertainment |
Hundreds rescued, 29 die as Indonesia ferry sinks
Winners at the American Music Awards
Taylor Swift wins five American Music Awards
Sting warns of hydroelectric project in Amazon
Two hurt as bulls flee Tom Cruise film set
'New Moon' wolfs down $140.7M in opening weekend
Flashy Indian brides struggle with high gold prices
Attorney: Jackson's doctor returning to work
Ubisoft steps up videogame fitness with virtual coach
Rare Charles Darwin book in toilet in Britain
Iran police arrest 12 couples for partner swapping
Executives testify in Airbus insider trading probe
Spotify launches application for Nokia phones
Iraq parliament passes new vote law | International |
OECD area shakes off recession with fragile rebound
Iran prez seeks new legitimacy in visit to Brazil
Atlantis astronauts begin third and last spacewalk
IMF head says world economy 'highly vulnerable'
Two Afghan ministers suspected of embezzlement | International |
Pakistani forces attack Taliban, kill 22 | International |
Afghan security plans 'a tall order'
Murky ocean depths hide abundance of life
Israel-Hamas prisoner swap deal near: officials | International |
Remains of British hostage found in Lebanon | International |
Taiwan to curb China investment: report
Lochte ends Phelps's reign as swimmer of year
Khmer Rouge torturer had broad autonomy, lawyer says | International |
Gunmen kill 21 in Philippine political war | International |
India tests nuclear-capable missile after sunset | International |
Spotify launches application for Nokia phones
Microsoft, News Corp weigh web pact: source | Technology |
Tweets or bleats? Tool measures importance on Twitter | Technology |
Transgender murderer renews electrolysis request
Gunmen kill 21 in Philippine political war
Lawyer: 9/11 defendants want platform for views
Gunfire at home of US teachers in Indonesia's Aceh
21 Filipinos killed on way to file election papers
Medical marijuana finds social outlet in Ore. cafe
Obama to speak on education, present rights award
Khmer Rouge torturer had broad autonomy, lawyer says
The nation's weather
Philippine kidnappers kill 21 in 'political massacre'
Zimbabwe women, receiving rights award, speak out
Philippine army says 21 people killed in south
FBI wants public's help in civil rights killings
AP NewsAlert
Trial for Khmer Rouge prison chief concludes
Gunmen kill 21 in Philippine political violence
Reliance shares rise over 3% on LyondellBasell bid
Taiwan export orders see first rise in 13 months
JAL seeks 40% pension benefits cut for bailout
Gold hits record high past $1,160 per ounce
Cuba film institute founder looks back on 50 years
PREVIEW-Pakistani c.bank likely to slash policy rate
Taiwan jobless rate drops in October
Bio-fuel growth raises concerns about forests
Smash Twilight sequel enters record books | Entertainment |
Two foreign funds compete to buy S.Korea builder
S.Korea c.bank to call in Fed-funded bank loans
Indonesia president set to act on corruption scandal
CORRECTED-Indonesian ferry with over 200 people on board sinks
China's Haitong Securities to buy Hong Kong broker
Brad Pitt's production company enters Dark Void | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01