Beruflich Dokumente
Kultur Dokumente
Sobia Ehsan
Lecture Objectives
Defining Monetary Policy Monetary Policy Objectives Monetary Policy Instruments Overview of recent trends in Monetary Policy of Pakistan.
Monetary Policy
Monetary policy is the process by which the monetary authority of a country controls the supply of money with a view to achieve specific economic objectives.
2. Qualitative Instruments
Quantitative Instruments
Open Market Operation
Sale/Purchase of Govt. Securities on behalf of treasury to control inflation/ deflation respectively.
Qualitative Instruments
Marginal Requirements Moral Suasion Restriction on advances Direct Action Consumer Credit Regulations
Intermediate Targets
Reserves
Operating Targets
Final Target
Concluding Note
Mix of various instruments. The best trade off between various objectives. Short term to long term objectives. Aligned with other macro economic policies.
THANK YOU