Monetary policy in Pakistan has benefited from the independence and strong accountability of the central bank as well as from the central bank’s conscious efforts to ensure transparency in public communications of monetary policy stance and perspective on the economy.
Monetary policy has managed to keep inflationary pressures in check by  2  BIS Review 32/2008  managing to lower core inflation; slippages in inflation target were inevitable given the uptrend in the global commodity prices as well as structural complexities and inefficiencies of wholesale and retail markets.