SBP to Study Oil Price Impact on Inflation, Plan Response

The State Bank of Pakistan (SBP) will investigate how daily changes in crude oil prices affect domestic inflation. This initiative, led by the chief economist, seeks to understand the direct and indirect impacts on the economy. The central bank aims to formulate a comprehensive strategy to mitigate these inflationary pressures. This focus on inflation and SBP's potential policy response could influence future interest rate decisions and USD/PKR stability, indirectly affecting local gold prices.

بحوالہ / Source: tribune.com.pk