SBP should act as autonomous body: official

LAHORE: The State Bank of Pakistan (SBP) should act as an autonomous body and operate independently through its schemes and policies, an official said.

The Monetary policy should be treated as a public policy and there should not be any political intervention in the business of the central bank, Sustainable Development Policy Institute (SDPI) executive director Dr Abid Sulehri said.

Dr Sajid Amin Javed endorsed the point of view of De Sulehri and suggested the State Bank to follow a specific indicator for reporting the inflation rate.

He said there was a lack of gender balance in the SBP’s decision making forums.