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SBP keeps interest rate unchanged at 22%

The Monetary Policy Committee (MPC) decided to maintain the policy rate at 22%.

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SBP keeps interest rate unchanged at 22%
GNN Media: Representational Photo

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. 

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