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State Bank Announces New Monetary Policy | Dunya News

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As expected the State Bank of Pakistan (SBP) on Tuesday increased policy rate by 100bps to record high of 21 per cent.

In a statement after a meeting of its Monetary Policy Committee (MPC), the central bank said: “The MPC noted that inflation in March 2023 rose further to 35.4 per cent, and is expected to remain high in the near term. However, there are early indications of inflation expectations plateauing, albeit at an elevated level.”

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