Macro Analysis /
Pakistan

Pakistan Economy: Monetary Policy update

  • SBP has raised the policy rate by 25bps to 7.25% – first change since June 2020

  • Key driving factor was the widening C/A deficit and resultant sharp PKR slippage

  • Cyclicals will come under pressure, but Banks may recover after the recent lull

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
20 September 2021