Bloomberg Business

ECB’s Kazimir Joins Hawks in Urging More Half-Point Hikes

(Bloomberg) — European Central Bank Governing Council member Peter Kazimir joined a chorus of fellow hawks in rejecting suggestions that moderating inflation will soon warrant smaller interest-rate increases.

Pakistan Raises Key Rate to 24-Year High as Crises Mount

Pakistan increased its benchmark interest rate to 17%, the highest in more than 24 years, as the economy grapples with raging inflation, supply shortages, dwindling currency reserves and stalled foreign financing.

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