KARACHI: The
State Bank of Pakistan (SBP) on Saturday kept the key
policy rate unchanged at 5.75 percent for the next two months, citing widening current account deficit, uncertain global oil prices and increased inflation as the main reasons.
“The year-on-year CPI (consumer price index) inflation rose to 3.6 percent in August 2016 from 1.8 percent in August 2015, while the average inflation during the first two months of the current fiscal year was more than double the same period last year,” the monetary
policy committee of the central
Bank said in a statement. In July, the central
Bank also kept the
policy rate unchanged at 5.75 percent.
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