Articles for tag: cut, ECB, hinting, Interest, Latest, Rates, September, unchanged

July 19, 2024

FRANKFURT: The European Central Bank (ECB) left interest rates unchanged on Thursday, signaling a cautious approach after cutting interest rates last month. With the economic outlook for the eurozone downgraded and inflation expected to fall further, ECB President Christine Lagarde stressed that the September meeting remains “wide open”. The ECB’s decision to keep interest rates on hold follows a controversial rate cut in June that some policymakers saw as premature amid stagnant deflation. However, Lagarde’s comment that risks to growth have now “slanted to the downside” supports investor expectations for another rate cut in September. “We would conclude that a

April 22, 2024

News Desk

Business

End of free money era: can Pakistan survive?

KARACHI: The era of ultra-low interest rates, often called the “era of free money,” is officially over. This change in global monetary policy marks a critical turning point for economies worldwide, particularly Pakistan. The free money era was characterized by a time when major central banks, such as the Federal Reserve Bank (Fed), the European Central Bank (ECB), the Bank of England (BoE) and the Bank of Japan (BoJ), maintained extremely low or even negative interest rates to deal with the economic fallout from the 2008 financial crisis. This created an environment where borrowing was cheaper than ever, prompting businesses

April 21, 2024

News Desk

Sports

Tape ball cricket gets support from England cricketers as ECB prepares to stage nationwide tournament

The England and Wales Cricket Board’s announcement was made in Birmingham during a cricket taped event – Reporters BIRMINGHAM: England cricket stars have welcomed the ECB’s decision to organize a nationwide cricket tournament, a form of cricket that started on the streets of Karachi, Pakistan in the 1960s. The casual form of cricket first spread to other towns and cities in Pakistan and then, thanks to the Pakistani diaspora community, reached other parts of the world, now played by millions around the world. Although tape ball cricket has been played in England for many years as a recreational sport by

October 7, 2021

The Pakistan Daily

Ian Watmore steps down as chairman of England Cricket Board

LONDON: Chairman of the England and Wales Cricket Board (ECB), Ian Watmore, resigned from his post after increasing pressure since the cancellation of England’s tour to Pakistan. In the first public statement after cancelling the tour, Watmore said: “I’m very sorry to anyone who feels hurt or let down by our decision, particularly in Pakistan.”Watmore served ECB for 10 months only despite being appointed for five years. According to the UK media, his resignation will go into immediate effect. ECB Chief remarked, “It is with regret that I step down as Chair of the ECB, but I do so in mindfulness

The ECB keeps interest rates unchanged, hinting at a possible September cut

End of free money era: can Pakistan survive?

Tape ball cricket gets support from England cricketers as ECB prepares to stage nationwide tournament

Ian Watmore steps down as chairman of England Cricket Board

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea