SBP announces last monetary policy of 2016/2017 on Saturday

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KARACHI: State Bank of Pakistan (SBP) will announce last monetary policy of current fiscal year 2016/2017 on May 20, 2017, said a statement on Thursday.
Analysts said that the central bank would be under pressure while announcing the policy statement as inflation was rising and current account deficit widening to a record level.
The inflation forecast by the analysts for coming month is comparatively higher due to escalation in demand for goods mainly used in Ramazan.

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