Interest rate to Increase: Payment to IMF, new IMF loan with a condition to control inflation and depreciating value of PKR against USD has given signal of hike in interest rate in coming monetary policy, which we expect will little early revise in interest rate. During the month Ramzan , prices of grocery items hike very rapidly and we expect a hike in inflation in the month of August , which may touch to a double digit inflation and will lead to an incremental in discount rate to control the inflation; which is basically a foolish attempt. Incremental interest rate is always favourable for banks as it expend the net interest margin (NIM) and BAHL will also get pie
Posted on: Fri, 19 Jul 2013 08:28:51 +0000
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