ISSN: 1998 - 4162

JISR MSSE Journal Contents

Volume 10, Number 1, January 2012

Pass-Through of SBP Policy Rate to Market Interest Rates: An Empirical Investigation
Mahmood ul Hassan Khan - State Bank of Pakistan, Karachi, Pakistan
Dr. Muhammad Nadim Hanif - SBP, Karachi, Pakistan

Market based implementation of monetary policy embeds a swift and complete passthrough of changes in policy rate to market interest rates. This impacts the lending and deposit rates (retail rates) of the banking system. Incomplete and slow pass-through impairs the effectiveness of monetary policy transmission mechanism. This study estimates the degree and the speed of interest rate pass-through in the case of Pakistan...


You will need Adobe Acrobat Reader to read this document.
Download Adobe Acrobat Reader
DISCLAIMER: All views expressed in the journal are those of the authors and not necessarily reflect the policies or preferences of JISR-MSSE or SZABIST.