The State Bank of Pakistan (SBP) cut its discount rate by 50bp to 9.5% today. We think monetary policy is likely to be loosened further in a bid to revive private sector credit growth, although rate cuts in 2013 are unlikely to be as aggressive as this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services