SBP to announce monetary policy on Sept 30

Karachi: The State Bank of Pakistan (SBP) will announce a new monetary policy for the next two months on Monday.

The statement states that the Monetary Policy Committee (MPC) would convene in Karachi to assess economic statistics before deciding whether to raise or lower interest rates.

It is important to keep in mind that the State Bank's policy rate is currently 22%.

A study of economists indicates that while inflation is expected to drop gradually, interest rates are likely to stay at 22%, but others predict a 1% drop.