MPC of SBP has decided to keep the policy rate unchanged at 7% as the committee was of the view that the current monetary policy stance is appropriate to support the emerging recovery while safeguarding inflation expectations and financial stability. The forecast for inflation has raised slightly, primarily due to recent supply side shocks to food prices, adding that average inflation is now expected to fall within the previously announced range of 7-9% during FY21, rather than marginally below.
22/9/2020