Sbp monetary policy statement

The Central Bank will continue to closely monitor the situation and stands ready to take measures, as needed, to address any unwarranted volatility in the foreign exchange market.

sbp monetary policy november 2018

The SBP report mentioned that the overall fiscal deficit was likely to be considerably higher during Jul-Mar FY19 as compared to the same period last year due to a shortfall in revenue collection, higher than budgeted interest payments and security related expenditures.

While current high frequency indicators point to a slowing in economic activity, this was expected to turn around in the course of the year on the back of improved market sentiments in the context of IMF supported program, a rebound in the agriculture sector and the gradual impact of government incentives for export-oriented industries.

Nevertheless, inflation is expected to fall considerably in FY21 as the one-off effect of some of the causes of the recent rise in inflation diminishes.

sbp monetary policy april 2019

Future developments in export performance would also depend on growth rates of our trading partners and progress in alleviating domestic structural impediments. The FY20 budget sought to credibly reverse the recent trend of fiscal deterioration by addressing long-standing weaknesses in the taxation system and to enhance documentation of economic activities.

sbp monetary policy january 2019

Going forward the MPC would be ready to take action depending on economic developments and data out turns. Reza Baqir, referring to the external sector, said the eternal conditions showed continued steady improvement with a sizeable reduction in the current account deficit which fell by

Latest monetary policy of pakistan 2019

Reza Baqir, referring to the external sector, said the eternal conditions showed continued steady improvement with a sizeable reduction in the current account deficit which fell by Going forward, the composition of money supply was expected to change as net foreign assets NFA of the banking system is projected to improve, while the growth in NDA was likely to show substantial moderation. Unanticipated increases in inflation that adversely affect the inflation outlook might lead to further modest tightening. Reza Baqir at a press conference on the bi-monthly monetary policy statement. He said the MPC decision also took into account downside inflation pressures from softening demand indicators. While current high frequency indicators point to a slowing in economic activity, this was expected to turn around in the course of the year on the back of improved market sentiments in the context of IMF supported program, a rebound in the agriculture sector and the gradual impact of government incentives for export-oriented industries. On the other hand, a greater than expected softening in domestic demand and downward revision in projected inflation would provide grounds for easing monetary conditions. In aggregate, broad money supply M2 grew by
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SBP decides to raise policy rate by bps to per cent