Karachi (Web Desk): The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Thursday decided to maintain policy rate at 22%.
According to details, the committee in its meeting held in Karachi also assessed that tight monetary policy stance, improved agriculture out-look and recent regulatory reforms will help achieve the medium-term inflation target.
1/4 Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent in its meeting today. https://t.co/Rns1WF4AsB#SBPMonetaryPolicy pic.twitter.com/HT9w9wWZAU
— SBP (@StateBank_Pak) September 14, 2023
The MPC further stressed on maintaining a prudent fiscal stance to keep aggregate demand in check.
The meeting noted that it will continue to monitor the risks to the inflation and will take appropriate action to achieve objective of price stability.
