KARACHI: The State Bank of Pakistan (SBP) will announce its monetary policy for the next two months on Monday, according to a statement issued today.
The central bank, in a statement issued, said Govenor SBP Dr Reza Baqir is set to brief the media after the MPC meeting. The bank is widely expected to keep the interest rates on hold because of resurgent inflation.
In its last meeting in December, the MPC raised the policy rate by 100 basis points (bps), taking it to 9.75% to counter inflationary pressures, address the current account deficit, and ensure that growth remains sustainable.
The central back has hiked interest rates by 275 basis points since September 2021.
Governor Baqir, in a recent interview, said the central bank is taking “a pause to first look at the effects of the tightening” it had done then the bank will “consider what monetary policy settings should be.”
