Shamshad Akhtar: The effectiveness of monetary policy in Pakistan (Central Bank Articles and Speeches)
نویسنده
چکیده
Economic policies aim to increase the welfare of the general public, and monetary policy supports this broad objective by focusing its efforts to promote price stability. Embedded in this objective is the belief that persistent inflation would compromise the long term economic prospects of the country. The objective of monetary policy in Pakistan, as laid down in the SBP Act of 1956, is to achieve the targets of inflation and growth set annually by the government. In pursuit of this mandate, SBP formulates the country’s monetary policy that is consistent with these announced targets. In my remarks today, I plan to provide perspective on:
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