Pakistan maintains rate, inflation outlook largely steady

Pakistan maintains rate, inflation outlook largely steady

Pakistan's central bank left its key policy rate steady at 6.0 percent, saying the recent rise in inflation was “anticipated and the benign inflation outlook
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Fed's George: Gradual hikes sooner better than steep hikes later

Federal Reserve Bank Of Kansas City President Esther George notes that the Fed should not delay interest rate hikes, adding that gradual hikes sooner better than steep hikes later.Additional headlinesKeeping rates low risks financial stability; rise in commercial real estate prices bears watchingGraSee Original Article

Japan's Inada: Now is not the time for forex intervention

Chair of the Policy Research Council of the Liberal Democratic Party in Japan, Tomomi Inada, said now is not the time for forex intervention.HeadlinesNo need to call an election if decide to delay tax hikeTo watch global economy for making sales-tax decisionFiscal stimulus may be required to buoy glSee Original Article

NZD/USD recovery remains confined below 0.6800

The overnight recovery in the NZD/USD pair lost steam just shy of 0.68 barrier, and the prices drifted slightly lower thereon, as bull remain depressed by the selling in the Asian markets.NZD/USD rejected at 20-DMACurrently, the NZD/USD pair trades 0.10% higher at 0.6783, testing lows posted at 0.67See Original Article