Joy Business Report @1

Government got a favourable interest rate from the issuance of the 5-year domestic dollar denominated bond, a day after the announcement of the 2022 budget and Economic Policy. It mobilised $168.98 million from the debt instrument which was opened to both local and foreign investors, the auctioning results revealed.

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

As expected, Inflation – which is the average change in price of goods and services – shot up by 0.4% to 11% in October 2021. This was triggered by increase in Transport inflation as a result of rising fuel prices. Indeed, it was actually the item with the highest contribution to the increase in inflation last month.