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SBP decides to maintain policy rate at 22%
September 14, 2023

The Monetary Policy Committee of State Bank of Pakistan has decided to maintain policy rate at 22 percent.

The Committee in its meeting held in Karachi on Thursday, also assessed that tight Monetary Policy stance, improved agriculture out-look and recent regulatory reforms will help achieve the medium-term inflation target.

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.