In future, it will utilise Big Data and AI to improve the quality of data for measuring inflation. Photo: filePakistan’s central bank will likely raise its key interest rate again on Monday to tackle persistently high inflation, giving in to pressure from the IMF, analysts said. Sami Tariq, head of research at Pak-Qatar, said as a preemptive measure to control inflation arising out from increase in administered utility prices of gas and electricity, the central bank would raise rates by 100 bps. Most analysts believe the rate increase would be done largely to satisfy the IMF’s criteria. However, the analysts who predicted no change in rates said there was no major change in price pressures since the last policy meeting to warrant a hike this month.
