Aug 22, 2013 Monetary policy schedule still a mystery The State Bank of Pakistan (SBP) has not yet announced the release date for the new monetary policy statement, causing panic among the entire business community and the capital market.The SBP is supposed to reveal the first monetary policy decision of current fiscal year this month. However, the central bank has not communicated a date to the media despite only ten days being left in the current month.When contacted, the chief Spokesman of the central bank said he has not been informed about the date of the monetary policy announcement.The monetary policy was last announced in June 2013. The central bank reduced the interest rates by 0.5 % to 9 % for the months of June and July. (The News)
Posted on: Thu, 22 Aug 2013 05:16:51 +0000
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