MPS unchanged: No good news for private sector
2/13/2012 1:20:47 PM
KARACHI: The inflationary pressure and rising government borrowing has prompted theState Bank of Pakistan (SBP) to hold the discount rate at 12 percent to curb the inflationary pressure at the cost of economic growth.
The major factors which directed the central bank to maintain the monetary stance were deteriorating position of external account, weak Pakistani currency and higher borrowing of government from the commercial banks to meet its budgetary expenses.
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