SBP is the most aggressive Central Bank this year: Reza Baqir

News Image

By MG News | April 22, 2020 at 02:44 PM GMT+05:00

0:00

April 22, 2020 (MNL): Governor of State Bank of Pakistan, Dr. Reza Baqir has said that SBP is ready to do more to shield the economy of Pakistan.

In an interview given to Bloomberg, Reza Baqir said that the State Bank of Pakistan is the most aggressive Central Bank globally this year, due to the policy responses taken by it amidst the COVID-19 pandemic.

He informed that the SBP was absolutely ready to take more action if needed.

The Governor further told that the SBP expects the economy to shrink by 1.5% in the year ending June 2020.

For emerging markets such as Pakistan, he said that the great global lockdown has been the mother of all external shocks.

“Among EM, the problem is particularly exasperated for high debt emerging markets because they have limited policy space to undertake expansionary policies”, he added.

He also said that the State Bank of Pakistan is working on several areas, and refining them in light of development.

“It is more appropriate to talk about them once we feel the situation is such that we need to do more”, he further added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,540.00 106,565.00
105,440.00
790.00
0.75%
BRENT CRUDE 67.13 67.29
67.05
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.47 65.65
65.34
0.02
0.03%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg