Who makes decisions in Pakistan?
By its very essence, democracy means a system of decision-making based on citizens’ choices. Democracy takes the power of decision-making away from an individual, a monarch or a dictator, and…
Price stabilisation and extent of tight monetary policy
‘Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical…
Monetary policy: chasing vs targeting inflation
The statement from Dr. Murtaza Syed, Acting Governor the SBP (State Bank of Pakistan) that monetary policy ‘will not risk creating economic recession to bring inflation down and real positive…
Tough decisions
Governments all over the world routinely make the following announcements to prepare citizens for difficult days: “We are taking tough decisions; these are decisions which are in the right direction;…
Coronavirus and economic policy
First of all it makes sense to realize that the COVID-19 just did not hit the world from out of the blue. In fact, according to a research article ‘Coronavirus:…
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 hike-weak rupee can be ‘deadly’ combination
Five global central banks, including State Bank of Pakistan, will be making policy announcements this week. The other four are Bank of Japan (BoJ), Bank of England (BoE), Federal Reserve…
