Policy rate caution
The State Bank of Pakistan (SBP) and the current economic team of the government of Pakistan must stop hiding behind a veil of overly cautious monetary policies. The latest Monetary…
The State Bank of Pakistan (SBP) and the current economic team of the government of Pakistan must stop hiding behind a veil of overly cautious monetary policies. The latest Monetary…
In rare criticism of its past policies, the Bank of Japan said former governor Haruhiko Kuroda’s stimulus didn’t change consumer psychology as much as planned, continuing a symbolic shift away…
In the 1970s, economists believed that inflation was primarily caused by ‘monetarism’, which is too much money chasing too few goods. They contended that the only way to control inflation…
The economic policy response to the coronavirus crisis by Pakistan has been significant. On the monetary policy side, the State Bank of Pakistan has taken aggressive action to loosen monetary…
Dr Reza Baqir, Governor State Bank of Pakistan (SBP), during his interview to Bloomberg on 17 December stated that the apex bank would “pause” interest rate hikes to preserve economic…
Australia's strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional…
Having spent three years and more than 2.6 trillion euros ($3 trillion) trying to boost economic growth across the euro zone, the European Central Bank's mixed record may open the…
Further to my earlier article "Managing the external account - monetary policy", this is the second article of the three-part series of my articles on managing external account. On the…
Mounting labour shortages and surging wages across Central Europe are nudging inflation higher, prompting some central banks in the fast-growing region to tighten policy after years of monetary easing. The…
In all well-managed economies, monetary policy plays a key role in ensuring relative price stability, balance of payments viability, economic growth and employment generation. In fact, in the recent past,…