Pakistan central bank keeps policy rate unchanged at 7% ...palestine

The State Bank of Pakistan announced its monetary policy on Friday, keeping the policy rate unchanged at 7%. The Monetary Policy Committee was encouraged by the upward revision in the Fiscal Year 2020-21 growth forecast to 3.94%. It confirmed the strength of the broad-based economic rebound underway since the start of the year, on the back of targeted fiscal measures and aggressive monetary stimulus, the central bank said. “This positive momentum is expected to persist, translating into higher growth next year,” it said. Inflation rose to 11.1% in April, propped up by the lingering impact of February’s electricity tariff increase as well as a pick-up in month-on-month food pri

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