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Wednesday, May 29, 2024  
21 Dhul-Qadah 1445  

SBP chief says deceleration in inflation is broad-based

Jameel Ahmad cites inflation had fallen sharply over the past year
Reuters/File
Reuters/File

Pakistan’s central bank chief said on Thursday the deceleration in inflation was broad-based, reflecting the combined impact of monetary tightening and fiscal consolidation.

Jameel Ahmad was speaking to international investors on the sidelines of the IMF, World Bank spring meeting in Washington.

He said inflation had fallen sharply over the past year, reaching a two-year low of 20.7% in March 2024 from a peak of 38% in May 2023.

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economy

State Bank Of pakistan

Pakistan’s economy