Monetary Policy Statement (25.05.2018)
(WorldNews Pakistan)

Monetary Policy Statement May 25, 2018 Pakistan`s economic growth is provisionally estimated to achieve a thirteen-year high level of 5.8 percent for FY18. Concurrently, headline inflation remains moderate and is expected to stay well below the annual target of 6.0 percent. However, since the last meeting, in MPC`s assessment the balance-of-risks to the sustainability of the healthy-growth-low-inflation nexus have shifted due to the following reasons. First, the balance-of-payments picture, despite an increase in exports and some deceleration in imports, has further deteriorated due to a sharp increase in international oil prices and limited financial inflows to date. Second, the revised...