On the one hand, it believes that a “ cautious monetary policy stance is needed to ensure price stability … for sustainable economic growth ”....
This means that the SBP still has enough room to continue the monetary easing cycle as real interest rates stand at 790bps, much higher than the historic average of 200-300bps. Indeed, the economy appears to have turned a corner in the last several months....
But must the bank go for this path and repeat past blunders?...
综合
黎明报-最新
2025-01-28 00:00:00.0