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KARACHI: The State Bank of Pakistan (SBP) will announce its monetary policy today in which the policy rate for the next two months will be decided.
In this regard, the SBP’s Monetary Policy Committee will meet today in Karachi to decide the country’s monetary policy. Reportedly, the current interest rate on the policy is 7 percent.
Following the committee meeting, Governor SBP Raza Baqir will hold a press conference at 5 pm. The SBP has cut interest rates by 625 basis points from March to June, however, now the base rate is likely to be maintained.
According to experts, the SBP has cut interest rates by 625 basis points from March to June, but now the base rate is likely to be maintained.
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