Comparing inflation target not correct: State Bank

KARACHI: State Bank of Pakistan (SBP) on Monday said that comparing inflation target or average inflation forecast with the other countries is not correct.

The SBP said that in some sections of the media, SBP’s average inflation forecast of 7-9 per cent in FY22 is being interpreted as the ‘inflation target’ and being compared to the inflation targets of other countries. This is incorrect.

SBP’s inflation forecast represents our projections for the current fiscal year. On the other hand, Pakistan’s inflation target is set by the Government and is 5 – 7 per cent. This target is to be achieved over the medium term.

Monetary policy is anchored on achieving the government’s inflation target over the medium term, i.e. over the next 18-24 months,” the SBP added.

Tags
#Inflation karachi SBP State Bank of Pakistan SBP
Show More

Pak Revenue

A reliable source for business, taxation & financial news, covering incentives for CPEC, automobile and performance of stock and mercantile exchanges.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close