111 510 510 libonline@riphah.edu.pk Contact

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…

Policy rate and inflation

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…

Policy rate: ‘boldest’ hike in Asia

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…

Managing external account – fiscal policy

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…

A Meaningless Monetary Policy

A meaningless monetary policy

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,…