State Bank reduced 0.5 percent interest rate

Karachi (November 15, 2014): State Bank of Pakistan for the next two months, the interest rate has been 0.5 percent.

 

According to the central bank to the government budget deficit has made considerable progress, financial stability measures are moving in the right direction, agricultural production this year is expected to be better than last year due to the global environment at the textile sector of Pakistan is down this time.

The central bank said the current situation for the next 2 months after the 9.5 per cent interest rate has been 0.5 percent, inflation has helped to soften monetary policy, credit to the private sector However, this will improve the supply of electricity and gas at the end of the subsidy could increase inflation tax.

The bank says the current situation for the next 2 months after the 9.5 per cent interest rate has been 0.5 percent, inflation has helped to soften monetary, credit to the private sector However, this will improve the supply of electricity and gas at the end of the subsidy could increase inflation tax.