BusinessAI imageMonetary Policy Committee Keeps Policy Rate Unchanged at 11.5%
The Monetary Policy Committee of Pakistan decided to keep the policy rate steady at 11.5 percent to avoid increasing borrowing costs for the government and private sector, which could hinder growth. Inflation is rising due to global conflicts and energy price volatility. The State Bank of Pakistan aims to maintain inflation within 5-7 percent. The next review is on 26 October, with hopes for rate reduction if inflation eases.
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