This would lead to much worse macroeconomic results over the short and medium term. Going forward, the stance of monetary policy will continue to be adapted on the basis of the primary objective of price stability – a rate of inflation close but less than 2%.
Both developed and developing countries, therefore, are focusing on programs for financial literacy/education. SBP has started a pilot Financial Literacy Program (FLP) with the private sector as an implementing partner. The Program is the first ever initiative to promote financial literacy among the general public at the national level.