📌 Key Highlights & Quick Takeaways:
- KARACHI: The new monetary policy for the next 2 months will be announced today, with the possibility of an increase in interest rates.
- According to the details, the important meeting of the new monetary policy committee of State Bank of Pakistan will be held today, which wil.
- The State Bank had kept the interest rate unchanged at 11.5% in its previous meeting. However, economists say that monetary policy may be ti.
KARACHI: The new monetary policy for the next 2 months will be announced today, with the possibility of an increase in interest rates.
According to the details, the important meeting of the new monetary policy committee of State Bank of Pakistan will be held today, which will be chaired by Governor State Bank Jameel Ahmed. In the meeting, important decisions regarding the interest rate should be made for the upcoming period.
The State Bank had kept the interest rate unchanged at 11.5% in its previous meeting. However, economists say that monetary policy may be tightened this time to mitigate the effects of rising inflation and external economic pressures in the country.
Economists are predicting an increase of up to 50 basis points (0.5 percent) in the policy rate.
If the committee approves this increase, the interest rate in the country will reach 12 percent.
