Higher food prices will likely push Pakistan's inflation rate above the country's 6.5 percent target for the 2006/07 fiscal year, State Bank of Pakistan Governor Shamshad Akhtar told journalists.
"We are doing pretty well on the core inflation given the monetary tightening we have had, but it is quite possible because of the food prices being somewhat on the uppish that the average inflation rate could be above the inflation target rate," she said before giving a lecture on banking reform at a Geneva university. |