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The State Bank of Pakistan (SBP) (Urdu: بینک دَولتِ پاکِستان) is the Central Bank of Pakistan.
What is the monetary policy of Pakistan in 2023?
At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. This decision takes into account the latest inflation outturn reflecting the continuing declining trend in inflation from its peak of 38 percent in May to 27.4 percent in August 2023.
What is the monetary policy statement for February 2023?
Today, the Monetary Policy Committee increased the official cash rate from 4.25 to 4.75%. The committee agreed that the official cash rate still needs to increase, as was indicated in our November statement, to ensure that inflation returns to within our target range over the medium term.
Which monetary policy is used in Pakistan?
The Reverse Repo or the policy rate is the primary instrument of monetary policy in Pakistan.
What is the monetary policy of Pakistan?
State Bank of Pakistan. Monetary policy involves central banks use of instruments to influence interest rates and/or money supply in the economy with the objective to keep overall prices and financial markets stable.
2019 pakistan fiscal policy
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The objective of SBPs monetary policy is to achieve price stability by controlling inflation close to its annual and medium-term targets set by the government.
What is the monetary policy of State Bank of Pakistan?
State Bank of Pakistan. Monetary policy involves central banks use of instruments to influence interest rates and/or money supply in the economy with the objective to keep overall prices and financial markets stable.
What is the policy rate of Pakistan in 2023?
1. At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. This decision takes into account the latest inflation outturn reflecting the continuing declining trend in inflation from its peak of 38 percent in May to 27.4 percent in August 2023.
pakistan policy statement
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