Karachi May 23 2022: We may have to increase interest rates but we will keep oil prices unchanged says Finance Minister Miftah Ismail.
He was speaking at Jinnah Airport while leaving for IMF talks. He said, “he can reach an agreement with IMF on the continuity of the program and convince them that public can’t afford increase in oil prices”.
The Monetary Policy Committee of SBP will meet today Monday, May 23, 2022 at SBP Karachi to decide about the Monetary Policy.
Spread of KIBOR and policy rate has widened to 2.41% as of today 20th May 2022 and inflation reading for the month of April was 13.34% while the policy rate was set at 12.25% by MPC in its previous meeting.