Monetary policy on Monday
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KARACHI: The State Bank will announce Monetary Policy on Monday (Sept 16) for next two months.
The financial sector expects a cut in the policy rate following a 31 basis points drop in the cut-off yield for 12-month papers in auction of Treasury Bills held on Wednesday.
For the last over a year the interest rate is being raised to deal with the inflationary pressure in the economy. Recently, the government rebased the year for calculating the inflation which significantly reduced rate of inflation for July-August.
Published in Dawn, September 13th, 2019
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Comments (4) Closed
Sep 13, 2019 10:43am
Lowering interest rates as most suggest will lead to lesser deposits. Very difficult situation.
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Sep 13, 2019 12:15pm
Lowering of interest rate is need of hour. Businessman community is our back bone. But no.compromise on payment of taxes.
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Sep 13, 2019 02:54pm
Showing lower inflation by changing base year and then reducing interest rate is yet another mistake that government is about to make. Ground reality is different.
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Sep 14, 2019 05:25am
They should cut rates to encourage the rupee to weaken. Right now it is too strong.
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