Inflation targeting-lite: strategic transition or operational stopgap? | The Express Tribune
In Pakistan, tight monetary policy coincides with increasing inflation due to supply shocks, which undermine rate sign Market analysts caution that IMF-related measures in the upcoming FY2026 budget—particularly new taxes and adjustments in energy prices—may lead to a renewed spike in inflation. PHOTO: FILE MICHIGAN/KARACHI: In August 2009, the State Bank of Pakistan (SBP) officially…