Posted 12/29/2023, 3:55:18 PM
SBP Sees Inflation Easing in FY24 As Pakistan's Economy Stabilizes After Bailout
- Inflation projected to ease to 20-22% in fiscal year 2024, according to SBP report
- SBP will continue making decisions to prevent high inflation becoming entrenched
- Economy contracted 0.2% in FY23, missing fiscal and primary surplus targets
- Inflation hit 29.2% in FY23, around upper bound of SBP's revised projections
- Fiscal and policy measures before and after IMF bailout stabilizing $350bn economy
