2011-08-04

Q+A-Why did Pakistan's central bank cut interest rates? - Reuters


Business Recorder

Q+A-Why did Pakistan's central bank cut interest rates?
Reuters
KARACHI Aug 4 (Reuters) - Pakistan's central bank unexpectedly cut its key policy rate by 50 basis points to 13.5 percent on Saturday, even as subsequent data showed that inflationary pressures are nowhere close to subsiding. ...
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