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Pak cenbank keeps interest rate at 22% amid alarming inflation surge
Credit: IndiaTimes- Published on March 18, 2024
Pakistan's inflation rate reached an alarming 32.89% on Friday, prompting the central bank to keep key interest rates at 22% for the sixth consecutive term. "Inflation warrants a cautious approach, requires continuity of current monetary stance to bring inflation down to target range of 5 – 7% by Sept 2025", the central bank...
Video credit: Rumble
Published on March 17, 2024 - 00:55
Is Andrew Bailey a good Bank of England Governor? Interview with Alex Brummer
In this interview with Alex Brummer (City Editor of the Daily Mail) in 2022 - when the interest rate hikes were just starting - we discussed whether Andrew Bailey is doing a good job as the Governor of the Bank of England. Alex outlined Bailey's unimpressive previous track record in finance, and pointed out the fact that Bailey isn't even an economist. Since this interview, Bailey has continued to punish British households with many more, completely unnecessary, rate rises.
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