Thursday, June 21, 2007

Pakistan to Set Monetary Policy Based on July Inflation Data, Akhtar Says

(Bloomberg) -- State Bank of Pakistan Governor
Shamshad Akhtar said July inflation data will be vital for
deciding her monetary policy guidance over the next six months.

``Data of July 2007 will be critical for us to determine
whether our current monetary policy stance is appropriate,''
Akhtar said in an interview in London, before the policy review
at the end of next month. ``Clearly, we have to keep the
monetary policy in its existing, current tight phase.''


Read more at Bloomberg Bonds News

No comments: