Standard economic reporting in 2026 refers to the SBP's efforts using which term for a rebound in prices above the central bank's target range?
A
Currency devaluation crisis
B
Fiscal cliff
C
Deflationary spiral
D
Breach of the upper bound of the inflation target
Correct Answer: Option D — Breach of the upper bound of the inflation target
Explanation:
Pakistani economic commentary in 2026 referred to inflation temporarily breaching the upper bound of the State Bank's 5-7% target range, driven by energy price pressures from the Middle East conflict.