The SBP's Monetary Policy Committee has kept its benchmark policy rate unchanged at 11.5 per cent. While a general anticipation had been building up for an immediate raise in the policy rate - largely driven by the severe economic pressures of global oil price-fueled inflation across the country - the central bank's strategic decision to opt for a status quo should actually come as a highly welcome surprise for the broader economy.

With the inflation rate hovering around 11........

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