High interest rates to stay with monetary tightening written as sole cure

Shamshad Akhtar assures IMF to following deal conditions; US Fed, ECB remain ‘steadfast’

Factory slump and cost-of-living squeeze puts UK economy on course to shrink

Output prices rise at slowest pace since Feb 2021; Investors scale back bets on rate hikes peak

IMF condition dragging Pakistan rupee down the slope with no stop in sight

Local currency touched record-low level against dollar on Tuesday

Shares of US banks drop after S&P downgrades some ratings

Move will make borrowing costlier for a banking sector

Turkiye's interest rate likely to reach 20pc this week, HSBC predicts it will be 30pc by Dec

Annual inflation may touch 58pc at the end of the year amid lira depreciation