SBP's Monetary Policy Statement


KARACHI, April 9 (APP): The Monetary Policy Committee of the State Bank of Pakistan has decided to maintain the policy rate at six percent.
This was announced in the monetary policy statement issued by the SPB here on Saturday. It said that after bottoming out in September 2015, both the Year-on-Year (YoY) headline CPI and period average inflation are on a rising trend.
The monetary policy statement issued by the SBP further stated that while the YoY inflation rose from 1.3 percent in September 2015 to 3.9 percent in March 2016, the period average inflation increased from 1.7 percent to 2.6 percent during this period. Similarly, the YoY core inflation measures kept their increasing trends; Non Food-Non Energy increased for the fifth consecutive month and the Trimmed Mean for the third month.