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State Bank of Pakistan's new monetary policy | Raza Jafri on SAMAA Money | Twitter Spaces - Sept 20, 2021
Manage episode 302868740 series 2932064
SAMAA TV Headlines द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री SAMAA TV Headlines या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Pakistan has registered economic recovery despite Covid-19 lockdowns. The State Bank of Pakistan, following the meeting of its Monetary Policy Committee, increased the policy rate by 25 basis points to 7.25% on Monday.
Research analyst Raza Jafri says that the State Bank wants to make economic growth sustainable and therefore it has raised interest rates.
Jafri explained that in the past, Pakistan registered growth only for a few years, and soon lost momentum because the growth was not sustainable.
A cycle was observed: The current account deficit would reach unsustainable levels and subsequently foreign exchange reserves would also fall. Different governments had to slam on the brakes after every two to three years of growth.
Bilal Hussain explains the numbers in simple terms.
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