Macro Analysis /
Pakistan

Pakistan: Another status quo decision as central bank reassures continuity

  • The SBP maintained the policy rate at 7.0% in the sixth consecutive monetary policy meeting

  • Concerns around the fourth wave of Covid-19 and absence of any demand led pressures trumped risks of widening CAD

  • The equity market is likely to cheer the reassurance from SBP and potentially end a 2mth long lull period

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
27 July 2021