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Policy rate cut

The Monetary Policy Committee (MPC) met for the third time in less than one month on 16 April 2020 and reduced the rate to 9 percent - from 13.25 percent…

Global policy post-Covid-19

There were already discussions gaining momentum since the Global Financial Crisis 2007/08 in many policy corners of economy and politics globally – but still remained far from reaching any meaningful…

A week of ill-timed decisions

Last week was eventful. On Wednesday, long-term bond (PIBs) yields went up in regular auction. The very next day, SBP lowered the policy rate by 1 percent. And on third…

Policy differences

This is the second of a two-part series on little change in policy in spite of different socio-economic manifestoes representing different economic ideologies of political parties/military dictators. Prime Minister Imran…

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…

Public administration and decisions

Policymaking is an important and consequential public activity that needs to be in the limelight – and it often is. An allied public activity, also of much importance but in…

Pragmatism as policy

SINCE the mid 1970s, a central concern in economic policymaking has been the transition from state control of the economy towards the free market. While some variant of this conversation…