Pakistan central bank keeps key rate steady, sees inflation easing gradually

By Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) -Pakistan’s central bank kept its key rate unchanged at 22% on Monday after a scheduled meeting of its monetary policy committee, with inflation expected to decline gradually in coming months, the bank’s governor said. Governor Jameel Ahmad told a press conference that the inflation outlook for the next…

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China dribbles out new hints on stimulus as weak data stokes expectations

By Joe Cash BEIJING (Reuters) -Chinese authorities released additional policy guidelines on Monday but no concrete measures to boost the sputtering economy and domestic consumption, leaving investors wanting as dull activity data heightened pressure for officials to act. Manufacturing activity in the world’s second-largest economy fell for a fourth straight month in July while the…

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