Central Bank kept policy rate unchanged

Karachi (April 28): “The State Bank of Pakistan (SBP) decided on Monday to maintain the key policy rate unchanged at 22 percent for the seventh consecutive time.

In Monday’s meeting, the Monetary Policy Committee (MPC) observed that macroeconomic stabilization measures have contributed significantly to improving both inflation and the external position, amidst moderate economic recovery.

The committee also noted that inflation remains high. Additionally, global commodity prices seem to have stabilized despite resilient global growth,” stated a release issued after the meeting.

The MPC also acknowledged that recent geopolitical events have introduced uncertainty regarding the outlook. Furthermore, it noted that upcoming budgetary measures may impact the near-term inflation outlook.

Taking everything into account, the committee emphasized the importance of maintaining the current monetary policy stance to bring inflation down to the target range of 5 to 7% by September 2025. ends

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