Pakistan adopts wait-and-see tack despite high inflation

state-bank-of-pakistan-banknote

The State Bank of Pakistan defied expectations of a rate hike on Saturday, keeping the policy rate flat even as inflation, which the central bank has blamed Islamabad for, remains stubbornly high.

Inflation, at 15.5% in December last year – 0.2 percentage points lower than the figure registered in September – is high, the central bank acknowledged. "To bring inflation under control, the critical measures would be fiscal consolidation and reduction in the fiscal deficit, and government borrowings

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: