State Bank of Pakistan rejected media reports over forecasted inflation
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State Bank of Pakistan (SBP) has rejected news in some sections of media for interpreting the inflation forecast of seven to nine percent for current fiscal year as inflation target and being compared to inflation targets of other countries.
In a tweet, the Bank said inflation forecast represents projections for current financial year.
It further said inflation target of the country is set by the government is five to seven percent which is to be achieved over medium term.
