SBP announces monetary policy
The Government has decided to continue with the existing interest rate that is set on 14 per cent.
LAHORE:
The State Bank of Pakistan (SBP) has announced the monetary policy for the next two months on Saturday.
The government has decided to continue with the existing interest rate that is set on 14 per cent.
Addressing a press conference in Lahore, Director Monetary Policy Hamza Ali Malik revealed the key features of the monetary policy.
He said that the rate of inflation has slightly decreased in the last two months while the budget deficit is increasing as the government did not increase the petroleum prices for the period.
Malik said that he is hopeful that inflation will decrease in the coming two years.
Correction: March 26th, 2011
An earlier version of this article incorrectly stated Hamza Malik as the Governor of SBP.
The State Bank of Pakistan (SBP) has announced the monetary policy for the next two months on Saturday.
The government has decided to continue with the existing interest rate that is set on 14 per cent.
Addressing a press conference in Lahore, Director Monetary Policy Hamza Ali Malik revealed the key features of the monetary policy.
He said that the rate of inflation has slightly decreased in the last two months while the budget deficit is increasing as the government did not increase the petroleum prices for the period.
Malik said that he is hopeful that inflation will decrease in the coming two years.
Correction: March 26th, 2011
An earlier version of this article incorrectly stated Hamza Malik as the Governor of SBP.