2015-09-12 00:00
News out a short while agonot entirely
expected.. only 11 out of 21 economists surveyed by Bloomberg had
forecast a cutcentral bank says global oil price yet to bottomrecent gas
hike offset by lower global oil pricemaintains FY2016 inflation
forecast between 4.5%-5.5%inflation risked by subsidy withdrawal and and
low food costsAnother Asian rate cut flying in the face of anticipated
rate hikes in US/UKLower borrowing costs and lower oil prices are
helping PM Nawaz Sharif who is under pressure to do more to revive the
economy, end persistent power shortages and attract badly needed foreign
investmentDid our readers in Pakistan see this move coming ?
Source link:
http://news.forexlive.com/!/pakistan-central-bank-cuts-key-rate-to-60-from-65-20150912
