Interest Rate is to be raised in January monetary policy of State Bank of Pakistan
Submitted by Mian Ahsan Liaqat on January 29, 2011 – 8:13 amNo Comment
KARACHI: The State Bank of Pakistan is going to announce January monetary policy on Saturday. It is being speculated that State Bank of Pakistan is raising interest rate. Most economists are unanimous there will be another hike in discount rate but some expect the central bank will keep the policy rate unchanged at 14.0 per cent.
It is believed that increasing interest rate is the only available option for the country’s central bank (SBP) to curb inflation, maintain price stability and lower money supply growth despite the fact hiking interest rates have negative implications for the industry and the capital market.
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