Pak. Economy: Cautious monetary policy in an uncertain environment
Almost 550 basis points have been already added to the discount rate in a
period of 18 months. The rationale on the basis of which these points were added were there, although, with lower intensity, but the tolerance level of the
economy was not such which can afford another addition to the current discount rate
The most optimistic expectation of the Monetary Policy Statement (MPS) issued in the end of January 2009 was keeping the discount rate unchanged at its current level of 15 per cent. Almost 550 basis points have been already added to the discount rate in a period of 18 months.Read More »Pak. Economy: Cautious monetary policy in an uncertain environment