Status Quo likely in upcoming Monetary Policy

The State Bank of Pakistan (SBP)’s monetary policy committee will convene on Jan 22’21 to set interest rates for the next 2 months. We project the central bank to opt for a status quo and keep interest rates unchanged at 7.00%.Our stance is largely underpinned upon: 1) contained external accounts with a current account surplus… Continue reading Status Quo likely in upcoming Monetary Policy

November 2020 Balance of Payment monthly update

Pakistan records 5th consecutive monthly current account surplus in FY21 Dear Friends, Based on the data released by the SBP, Pakistan’s external account recorded its 5th consecutive monthly surplus, registering at USD 447mn during Nov20 against a deficit of USD 326mn in Nov19. Despite an 18% Y/Y increase in the trade deficit to USD 1,850mn… Continue reading November 2020 Balance of Payment monthly update