State Bank of Pakistan Set to Announce New Monetary Policy Today to Determine Interest Rate Adjustments
KARACHI: The State Bank of Pakistan (SBP) will release its monetary policy decisions today after detailed deliberation on all macroeconomic indicators, which will be either to keep the key rate unchanged, increase or decrease.
The Monetary Policy Committee (MPC) will hold its meeting at SBP’s head office, Karachi, the central bank said. The second monetary policy of the current fiscal year has been announced.
Market analysts have their differing opinions about the current interest rate and what is expected in this review. About half of the financial experts expect the central bank to leave the interest rate unchanged while the other half believe the bank may raise it by 50 basis points (0.5 percent) because of economic pressures in the region.The current policy rate at 11.5 percent.