Meeting to advise slashing interest rate by 50 basis points

With increasing criticism on the higher policy rate, the govt. has convened a meeting of Monetary and Fiscal Policies Coordination Board (MFPCB) on 25th Feb’20 (tomorrow) for convincing SBP to reduce the policy rate. SBP, under the IMF program, has opted for a tight monetary policy and kept the discount rate at 13.25% for the last several months. All federal ministries, being part of MFPCB including Planning Commission, will recommend to the SBP to reduce the policy rate by 50 basis points in its next monetary policy in Mar’20.

 

25/2/2020