Monetary policy on 22nd

Dawn | Jan 20, 2021 at 9:13 AM
  • The upcoming monetary policy is highly important for the financial sector as well as the entire economy since inflation slipped slightly in December and could see further decline in January.
  • Following the Covid-19 pandemic’s arrival in Pakistan, the monetary policy became the focal point for economic activities after the SBP drastically slashed interest rate from mid-March 2020 till the end of the previous fiscal.
  • The central bank lowered the interest rate to 7pc from 13.25pc to pump cheaper money in the economy and help it activate its slowing growth.