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The State Bank of Pakistan (SBP) decided on Monday to maintain the benchmark interest rate at 11% for the fourth time in a row. In its Monetary Policy Statement, the State Bank said headline inflation rose significantly to 5.6% in September from 3% in August, while core inflation remained steady at 7.3%. The MPC said the decision to maintain the current policy rate was appropriate to maintain ongoing price stability, given the still-unfolding effects of earlier monetary easing. #nukta #nuktabusi
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