SBP Warns of Price Spirals from Middle East Geopolitical Risks

The State Bank of Pakistan (SBP) has issued a warning regarding the risk of price spirals, attributing this concern to the escalating geopolitical tensions in the Middle East. Such developments typically lead to volatility in global commodity markets, particularly crude oil, which can significantly impact import costs. This could intensify inflationary pressures within Pakistan, potentially influencing SBP's monetary policy decisions and affecting the stability of the Pakistani Rupee and local gold rates.

بحوالہ / Source: www.dawn.com