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Boldest Asian Central Bank Is Ready for a Rate Pause, Baqir Says

Bloomberg business news
WATCH: State Bank of Pakistan Governor Reza Baqir discusses monetary policy and the outlook for the economy.Source: Bloomberg

Pakistan’s central bank will pause interest-rate increases to preserve economic recovery after delivering Asia’s boldest hikes since September, Governor Reza Baqir said. 

“We are going to take a pause to first look at the effects of the tightening we have already done,” Baqir told Bloomberg Television’s Rishaad Salamat and Yvonne Man. “Fiscal policy has been very complementary and is also withdrawing stimulus so a coordinated macroeconomic response, we think, will be number one to sustain recovery and keep inflation broadly in check.”