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ISLAMABAD: A new monetary policy from the State Bank of Pakistan (SBP) will be announced today.
Governor State Bank volunteers in this regard will chair the policy committee meeting today to determine the policy rate.
The meeting will be attended by the policy board members and the board of directors. The policy rate is issued four times in a row and interest rates remain constant at 8 percent to 13.5 percent for 8 consecutive months.
The policy rate is being announced 13 days ago this time. Given the economic and investment situation of the coronavirus, it has been decided to issue a policy rate soon.
Experts said that falling oil prices in the international market was good news for the country, which has shown improvement in external investment and other factors.
Earlier, Prime Minister Imran Khan had also indicated a reduction in interest rates because of the coronavirus that has hit the world economy tremendously.
Read more: Economic conditions improving as compared to past: SBP Governor
