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“Central Bank sees inflation behaving well in the next financial year”: Governor SBP

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March 20, 2019 (MLN): Governor of the State Bank of Pakistan, Mr. Tariq Bajwa has said that the Central Bank sees inflation behaving well in the next financial year. But in spite of that, the Central Bank stands ready to use monetary policy tools in the future after witnessing the “most aggressive interest rate tightening” in Asia last year.

Speaking at the Bloomberg Economic Forum, the governor said that while inflation accelerated to 8.2 percent in February, the highest since 2014, the central bank doesn’t see average inflation breaching the double-digit mark in the next fiscal year.

He also that it will be no surprise if the inflation rate continues to be more or less the same for the next year, and starts declining by the end of next fiscal year.

Citing taming of inflation rate as one of the priorities, the Governor said that the Central Bank would continue to strive as far as policy rate is concerned. 

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Posted on: 2019-03-20T12:08:00+05:00

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