In a recent development, the Monetary Policy Committee of the Central Bank of Pakistan has announced its decision to maintain interest rates at 22%. This decision comes amidst ongoing efforts to stabilize the country’s macroeconomic conditions.
The committee highlighted that the measures taken to foster macroeconomic stability have shown promising results in mitigating the inflationary pressures. Furthermore, despite challenges, the economy has exhibited signs of slight recovery.
Moreover, the current trajectory of monetary policy implementation is expected to play a pivotal role in curbing inflation, with the target range of 5-7% anticipated to be achieved by September 2025.
This decision underscores the Central Bank’s commitment to ensuring stability and sustainability in Pakistan’s financial landscape, as it continues to navigate through economic challenges and uncertainties.