Inflation is volatile but has been strong: State Bank officials

30, July , 2024

News Today: The State Bank officials while briefing the financial experts said that there is uncertainty in the inflation situation but it has been strong while the impact of the budget measures on inflation is as per expectations.

State Bank officials said in the briefing that increasing the income by increasing the rate may worsen the inflation scenario in the short term, economic growth will remain moderate due to pressure on demand and the external account will continue to improve.

Officials said that foreign exchange reserves increased despite higher payments, financial stabilization efforts are on track while monetary trends are in line with expectations and a tighter policy stance.

It should be remembered that the State Bank announced the monetary policy yesterday and reduced the interest rate by one percent, after which the interest rate came down to 19.5 percent.