The economy of Pakistan, India's neighboring country, is already immersed. Meanwhile, he is also afraid of the explosion of inflation. If this happens, no one will be able to save him from taking him on the path of Kangali. At the same time, poverty and starvation in the country will reach its peak. Therefore, Pakistan's central bank 'State Bank of Pakistan' has to take a big decision.
Pakistan's central bank on Monday announced to maintain its policy interest rate at 12 percent as before. The State Bank of Pakistan (SBP) is expected to increase the temporary manner of inflation in the coming months.
The State Bank of Pakistan's Monetary Policy Committee (MPC) recommended to keep the policy interest rates unchanged. Based on this, the central bank has taken this decision. However, regarding the data of inflation in February, State Bank of Pakistan says that inflation has been less than expected during this period. The main reason for this is the decline in the prices of food and drink and energy prices.
The Monetary Policy Committee says that there are signs of improvement in Pakistan's economic activities. This indicates this by main economic data. However, due to rising imports and weak cash flow, concern about pressure on external account is maintained.
The Reserve Bank of India also held a meeting of the Monetary Policy Committee (MPC) in February before Pakistan's monetary policy came. In view of the economic situation of the country, the Reserve Bank of India had decided to reduce the repo rate by 0.25 percent. Right now the repo rate in the country is at 6.25 percent. RBI had made this change in its policy rates after about 2 years.
