Central Banking for Inclusive Development
- Monetary policy has heterogeneous effects on different segments of society, therefore, central banks need to move away from their conventional role towards inclusive central banking and promoting inclusive development.
- To expand research and discussion on interactions between monetary policy and issues of public policy, such as poverty and inequality, the State Bank of Pakistan must set up SBP Chairs in policy think tanks of the country. This will help bridge monetary policy communication and literacy gaps in country.