Pakistan economy stable, says State Bank governor

Source: Dow Jones

Pakistan won't need to take extra monetary measures to soothe local currency and money markets if war breaks out in Iraq, the central bank governor said Monday.

State Bank of Pakistan Governor Ishrat Hussain said in an interview that unlike other central banks in the region, it doesn't see a need to intervene in the markets.

"(Pakistani) interest rates are among the lowest, the exchange rate is highly stable and there is enough liquidity in the market... I think in this envi

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