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Business & Finance Print edition: 2024-12-15

SBP urged to cut policy rate by 500bps

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HYDETRABAD: As Coordinator Businessman Panel Progressive, Adeel Siddiqui, urge the government to take bold action to support economic growth by reducing the policy rate by 500 basis points.

This substantial reduction is crucial for stimulating economic activities, benefiting both businesses and consumers, and driving our nation towards prosperity.

He said the current economic landscape demands swift and decisive action. A timely reduction in the policy rate will not only improve economic stability but also demonstrate the effectiveness of recent policy measures. With the Consumer Price Index (CPI) already reduced to 4.9% year-on-year, this positive development showcases our economic planners’ diligence and the business community’s resilience.

Copyright Business Recorder, 2024

SBP CPI policy rate

Comments

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Abdullah Dec 15, 2024 02:27pm
No need to accept pressure form theer busienss men.generate cash to support new busienss men to create more opportunities
0
Waheed khan Dec 15, 2024 09:47pm
No need to reduced the rate as change in price on ground. Just government saying that.
0
Hussain Dec 15, 2024 09:49pm
Yeah, and again face the CA deficit of early 2022? Interest rates should be reduced slowly. SBP is doing it right.
0
Arham Dec 16, 2024 12:44am
@Hussain, I agree, should remain at 12% for now
0
S Dec 16, 2024 05:47am
A cautious approach to further reduction in policy rates would be a prudent approach.
0
Kashif Dec 16, 2024 08:00am
Fake CPI indicators. Getting loans on cheaper rates for few years and waive off pricnciples. Car sales already surging. Industry is facing high cost of fuel, elect, taxes, so where is economic boom.
0
Ghulam Mustafa Dec 16, 2024 08:01am
No need to reduce drastically. Rate to be reduced as warranted.
0
Malik Dec 16, 2024 10:23am
The point to point inflation has reduced due to base effect, while the average inflation is still high. A strategy to gradually reduce policy rate would be more effective
0
Malik Dec 16, 2024 10:37am
Point to point -yoy- CPI inflation has reduced due to base effect, while average inflation -12 month moving average - is still high. A gradual reducing policy rate could be more effective.
0
Malik Dec 16, 2024 10:42am
Point to point -yoy- CPI inflation has reduced due to base effect, while average inflation -12 month moving average - is still high. radually reducing policy rate could be more effective.
0
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