The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) maintained the policy rate at 7%, as risks to the outlook for economic growth and inflation appear balanced.
In reaching its decision, the MPC considered key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation. According to monetary policy statement issued by the SBP, during the meeting given the broadly unchanged outlook for growth and inflation, the MPC viewed the existing stance of monetary policy as appropriate to support the nascent recovery while keeping inflation expectations well-anchored and maintaining financial stability.
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