Karachi: The State Bank of Pakistan (SBP) will announce the Monetary Policy on Monday (today).
The Monetary Policy Committee (MPC) will decide the interest rate after the economic review.
Financial markets and pundits anticipate the bank will reduce the rate in the range of 100-200 basis points (bps) in the wake of a much deeper deceleration in inflation than market expectations to over two-and-a-half-year low at 11.8% in May 2024.
The latest monthly inflation has turned the real interest rate positive at 10.2%, which is the difference between the prevailing interest rate of 22% and the inflation of 11.8%.
