SBP will unveil the Monetary Policy Statement on Friday (19th Mar’21). While, announcing the previous monetary policy in Jan’21, the MPC maintained the policy rate at 7% and hinted that monetary policy settings will remain unchanged in near term. M.Zubair Motiwala, a leading industrialist and textile exporter, and former president of KCCI was of the view that the Central Bank should not increase its policy rate for keeping intact the scale of production and the export of the country. Instead of raising the interest rate, SBP and the govt. should resort to other required measures to control inflation like ensuring the fair balance in supply and demand.
17/3/2021