Macro Analysis /

Pakistan: Status quo in May MPS due to Covid uncertainty and fiscal contraction

  • The SBP maintained the policy rate at 7% in May MPS as guided in the previous meeting

  • Key reasons: core inflation remains modest, uncertain growth outlook amid Covid-19, and fiscal contraction

  • The SBP considers accommodative monetary policy as appropriate for the near term

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
28 May 2021


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