Karachi: The State Bank of Pakistan (SBP) on Monday kept key policy rate at 22 percent.
The Monetary Policy Committee (MPC), in a statement, said that the continuation of the current monetary policy stance, with significant positive real interest rates, was necessary “to bring inflation down to the target range of 5-7pc by September 2025”.
Giving its reasoning, the MPC noted that global commodity prices appeared to have bottomed out with “resilient global growth”, recent geopolitical events had also added uncertainty about their outlook and the upcoming budgetary measures may have implications for the near-term inflation outlook.
