Pakistan, Feb. 10 -- Governor State Bank of Pakistan (SBP) Jameel Ahmad said the central bank is maintaining a tight monetary stance despite the recent decline in inflation, cautioning that 'preemptive actions' remain necessary in view of persistent global uncertainties and potential domestic pressures. "The actions of the central bank should be proactive, timely and highly effective to enable it to achieve the ultimate objective," said Jameel, while addressing the AlUla Conference for Emerging Market Economies on Sunday. He said the most difficult part of the central bank's job is taking preemptive actions. The central bank chief noted that Pakistan's inflation rate has remained low, even below the central bank target of 5-7%, in recent ...
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