SBP keeps policy rate unchanged for 7th consecutive session at 22pc

The State Bank of Pakistan (SBP) on Monday chose to maintain the status quo by upholding the key policy rate at 22 per cent for the seventh policy meeting in a row.

The announcement came after a meeting of the bank’s Monetary Policy Committee (MPC).

In a statement, the MPC said that the continuation of the current monetary policy stance, with significant positive real interest rates, was necessary “to bring inflation down to the target range of 5-7pc by September 2025”.

Giving its reasoning...