The Federation of Pakistan Chambers of Commerce and Industry criticised the State Bank's September 2026 monetary policy decision, calling it what?

Explanation: Pakistan's business community was split over the State Bank's decision to keep its policy interest rate unchanged, with the Federation of Pakistan Chambers of Commerce and Industry describing the decision as highly contractionary and counterproductive. Industry representatives argued that continued high borrowing costs were suppressing private investment and slowing industrial recovery, even as the central bank maintained that rate stability was necessary to keep inflation expectations anchored following an earlier period of aggressive monetary tightening.