State Bank of Pakistan's (SBP) Monetary Policy Committee on Monday reported keeping up with the status quo, leaving the key policy rate unaltered at 22%.
The MPC's choice to keep up with the key policy rate unaltered — for the fifth time in succession — is in accordance with market expectations as high inflation continues because of the ascent in energy prices.
In an update, SBP Governor Jameel Ahmad expressed during a press conference in Karachi that inflations keeps climbing, requiring a upward revision of the annual target to 23-25%.
