ISLAMABAD, 29 Oct 2023: The State Bank of Pakistan (SBP) is scheduled to declare its monetary policy for the forthcoming two months this upcoming Monday, with anticipation building regarding potential alterations to the prevailing interest rates.
According to a news release by Ministry of Information and Broadcasting, the Monetary Policy Committee will assemble in Karachi, where they will rigorously review economic statistics. This assessment will serve as the basis for the committee’s decision on whether to augment or diminish the interest rates.
Currently, the policy rate established by the State Bank stands at 22 per cent.