The coronavirus pandemic has caused an already fragile system to take a nosedive. One thing to note is that there is no perfect strategy; each strategy will involve some sacrifice, but some strategies are certainly better than others. Since the coronavirus cases in the USA differ state to state, there is no one policy fit for all the 50 states. On March 17, the SBP also reduced the ‘policy rate’ to 12.5 percent from 13.25 percent previously. The coronavirus situation requires its use, but it should be utilized cautiously and only where it is needed.

Source: Pakistan Today May 20, 2020 20:03 UTC