Karachi: State Bank of Pakistan on Thursday announced monetary policy for next two months.
The SBP Monetary Policy Committee (MPC) has decided to retain interest rate at 22 percent in its meeting today.
The MPC noted that while global oil prices have risen recently, inflation is still projected to trend down, especially from the second half of this year.
It also assessed that the tight monetary policy stance, improved agriculture outlook, and recent administrative and regulatory reforms will help achieve the medium-term inflation target.
It further stressed on maintaining a prudent fiscal stance to keep aggregate demand in check.
