Macroeconomic Forecast Pakistan

April 2008 | Macroeconomic Forecasts

BMI View: We expect the SBP to maintain a watchful eye over price increases before its next policy meeting in July. When it last met in January, the central bank hiked the discount rate by 50bps to 10.5% and raised the banks' cash reserve requirement (CRR) by 100bps to 8.0%. However, in the past it has raised the CRR by increments of 200bps, so we see room for a further 100bps CRR increase in July.

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