SBP keeps interest rate unchanged at 22%

Islamabad: The State Bank of Pakistan (SBP) announced maintaining the key policy rate at 22% on Thursday.

According to a statement issued by the central bank, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22%.

This decision considers the latest inflation outturn reflecting the continuing declining trend in inflation from its peak of 38% in May to 27.4% in August 2023. 

1/4 زری پالیسی کمیٹی (ایم پی سی) نے آج کے اجلاس میں پالیسی ریٹ کو 22 فیصد پر برقرار رکھنے کا فیصلہ کیا۔https://t.co/RxsBLHPKLm#SBPMonetaryPolicy pic.twitter.com/jS5EMyPoka

— SBP (@StateBank_Pak) September 14, 2023