SBP leaves policy rate unchanged at 10 per cent
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ISLAMABAD: Pakistan's central bank decided to leave its key policy rate unchanged at 10 per cent for the subsequent two months, the State Bank of Pakistan said in a statement on Saturday.
In recent months the rupee has remained stable as Pakistan has rebuilt its foreign exchange reserves following the successful sale of a $2 billion Eurobond, an auction of 3G and 4G phone licences, and an injection of cash from bilateral and multilateral lenders.
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Comments (3) Closed
Jul 19, 2014 06:54pm
and fake Growth rate as well
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Jul 20, 2014 12:12am
Then why higher yields on Pakistan Investment Bonds (PIBs)...
Most of the government debt is of maturities longer than five years... WHY ???
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Jul 20, 2014 06:02am
Despite the Pak rupee rising 9% against the dollar from June '13 to June '14, the price of pretty much everything: food items, petrol, consumer electronics, rent, property, cars etc. has gone up at the same rate as in the years previous to June '13. Contrary to expectations, Rupee appreciation has failed to rein in inflation.
It is time to raise interest rates before the economy overheats.
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