KARACHI: The monetary policy of the country will remain unchanged at 7%, confirmed the State Bank of Pakistan (SBP) on Monday
In a press release, the SBP noted that business confidence and the growth outlook in the country had improved since the last meeting held by the central bank in June.
The decline in Covid-19 cases in Pakistan and the easing of lockdowns, as well as the timely stimulus provided by the Government and SBP. At the same time, the forecast for inflation has risen slightly, primarily due to recent supply side shocks to food prices,” said the bank.
The SBP said that average inflation was expected to decline to 7-9% for FY21 “rather than marginally below”.
