Inflation will go high in Pakistan as State Bank injects more money in market

Eurasia News

KARACHI: The State Bank of Pakistan on Monday injected Rs690.9 billion into the money market through a 4-day reverse repo to help ease tight liquidity position in the banking system.

In a statement, the central bank said it injected the amount at 8.79 percent per annum. The banks had offered bids worth Rs726.35 billion for the open market operation.