Wednesday, February 25, 2009

Scope for Pakistan rate cuts if inflation falls-IMF: Reuters

WASHINGTON, Feb 25 (Reuters) - Pakistan's monetary policy is appropriate but there would be room to lower interest rates if inflation declined, the International Monetary Fund said on Wednesday.

In a statement following a 12-day staff mission to review a $7.6 billion stand-by lending program, the IMF said it was "impressed" by Pakistan's resolve to sustain prudent policies, strengthen the social safety net and pursue reform.

For more on this article, please click on the following link: Scope for Pakistan rate cuts if inflation falls-IMF: Reuters

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