SBP likely to maintain caution as Middle East risks, inflation weigh: S&P Global Market Intelligence
S&P Global Market Intelligence believes Pakistan’s monetary policy is likely to remain cautious despite an improving macroeconomic backdrop, as inflationary pressures and external risks continue to shape the country’s economic outlook. The remarks came a day after the State Bank of Pakistan’s (SBP) Monetary Policy Committee kept the policy rate unchanged at 11.5%, citing heightened external risks following the resurgence of conflict in the Middle East.