Interest rate corridor for Pakistan
The State Bank of Pakistan is like to announce a new policy interest rate regime next week, according to reports published Wednesday.
Reuters, a news agency, reported that two unnamed officials from the central bank had said the institution was planning to set repo and reverse repo rates. The sources also said the repo rate was likely to be 200 to 250 basis points above the reverse repo rate.
The central bank now sets only one policy rate, the discount rate, at which it lends to banks under a
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