Pakistan central bank governor says coronavirus lockdowns are a 'luxury of the rich'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Pakistan has reported more than 213,000 coronavirus cases and more than 4,300 people have died.

Pakistan has reported more than 213,000 cases of infection and nearly 4,400 people have died.

As millions were struggling with starvation during that time of drastically reduced economic activity, the country's Covid-19 cases surged once the lockdown was eased,At the moment, the government is targeting coronavirus hotspots in the country and locking those areas down."For countries like Pakistan, the trade-off between lives and livelihood is a very real trade-off," he said.

On the monetary policy side, Baqir said the central bank injected so far about $7 billion, or 2.5% of GDP, in terms of liquidity support to households and businesses.by 100 basis points to 7% — State Bank of Pakistan has cut interest rates by 625 basis points since March when the coronavirus infection began spreading through the country. Baqir told CNBC the move was in tandem with the fall in inflation, from above 14% in January to around 8% currently.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Now there’s someone who truly understands how extremely blessed the USA is. To live in a country that can afford to shut down in an effort to protect its citizens. We need more humble gratitude for the AmericanPrivilege we all enjoy.

,Obidenshit$59 billion cash payouts

.Obidenshit$59 billion cash payouts

Obidenshit$59 billion cash payouts

Then the rich should give money so the poor dont have to die lmao

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BoE to review climate impact of corporate bond-buying after COVID crisisBank of England Governor Andrew Bailey said the British central bank would look at introducing climate change considerations when deciding which corporate bonds it buys once the coronavirus crisis has eased.
Source: Reuters - 🏆 2. / 97 Read more »

Central Europe's factory decline eases in JuneThe downturn in central European manufacturing eased markedly in June as economies reopened after the coronavirus lockdown, surveys showed on Wednesday, but the sector was still some way from returning to growth. Wow WARSAW is back to manufacturing after crushing the curve. America still dosent have a national plan for curtailing the Corona 19 virus. Sooooo much winning! Fire this administration Nov 2020!
Source: Reuters - 🏆 2. / 97 Read more »

Central bank chief says the Philippines still has 'plenty of policy space' following rate cutThe Philippines' central bank still has plenty of room to maneuver as the country's economy faces a downturn amid the coronavirus pandemic, according to the institution's chief.
Source: CNBC - 🏆 12. / 72 Read more »

10 p.m. curfew imposed for all San Diego County restaurants and barsPublic health officials say the move is designed to help slow the spread of the coronavirus. 😑 so we’re still not gonna take this seriously. Apparently the virus only comes out after 10pm. So you can’t get coronavirus before 10 😕. Cause why else would you close at 10
Source: latimes - 🏆 11. / 82 Read more »

WHO warns some countries may have to reinstate lockdowns as coronavirus pandemic accelerates'It isn't too late to turn it around. It isn't too late to get the infrastructure in place, to work on that and to use it appropriately,' Dr. Maria Van Kerkhove, head of the WHO's emerging diseases and zoonosis unit, said. 🇺🇸 Cancelled Kung Flu Fake Covid-19 Deaths To stop the corona we need more riots, looting and protests. It worked the last time.
Source: CNBC - 🏆 12. / 72 Read more »

Coronavirus updates: Hundreds of new cases linked to Myrtle Beach tripsNEW: The British government is reimposing lockdown restrictions in Leicester following a spike in coronavirus infections. man this virus is here to stay until we get a vaccine. this virus is insane it's like it reactivates after ppl recover. i read ppl are experiencing pain after recovery. it's like the virus code is in the body. Why isn't it being reported on news that death rates & hospitalization 's & length of stays going down? Some say beginning herd immunity. Some say virus mutated to weaker form. ? But you can take over City Hall
Source: ABC - 🏆 471. / 51 Read more »