Pakistan Cuts Rate To Spur Lending, Better Inflation Outlook
The central bank of Pakistan cut its policy rate by 150 basis points to 10.5 percent to boost private sector lending amidst an improving inflation outlook, even if it expected consumer prices to exceed the bank’s target for the 2013 fiscal year. The State Bank of Pakistan (SBP) said the inflation [...]
The central bank of Pakistan cut its policy rate by 150 basis points to 10.5 percent to boost private sector lending amidst an improving inflation outlook, even if it expected consumer prices to exceed the bank’s target for the 2013 fiscal year.
The State Bank of Pakistan (SBP) said the inflation rate eased to 9.6 percent in July from 11.3 percent in June, but this was due to temporary factors, such as lower oil prices and a large cut in administered gas prices. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards