Inflation and interest rates hinder economic growth in Pakistan, study finds.
The research looked at how monetary policy affects economic growth in Pakistan. They studied variables like GDP, inflation, interest rates, exchange rates, money supply, investment, and consumer prices. They found that inflation, interest rates, and consumer prices have a negative impact on GDP, while exchange rates, money supply, and investment have a positive impact. The study suggests that reducing inflation can help achieve higher output and employment levels.