Interest rate is likely to be reduced in Monetary Policy Committee meeting
Karachi: The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet today.
According to the announcement, the State Bank will announce the monetary policy for the next 2 months in the Monetary Committee meeting. The Monetary Policy Committee will decide whether to reduce the interest rate or maintain it.
According to experts, the interest rate is likely to be reduced in the Monetary Policy Committee meeting.
It is pertinent to note that the Monetary Policy Committee has reduced the interest rate by 10 percent in six meetings. A decrease in the inflation rate greater than the government's estimate may lead to a reduction in the interest rate.
On the last Monday of January 2025, the policy rate, the bank rate, was reduced by only one percent from 13 percent to 12 percent in the Monetary Policy Committee meeting of the State Bank of Pakistan.
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