Karachi (Web Desk): The State Bank of Pakistan (SBP) on Monday announced to keep policy rate unchanged at 22% for next two months.
According to details, the Monetary Policy Committee (MPC) at a meeting in Karachi reviewed current economic situation of the country and noted that inflation has begun to decline.
The Committee, however, observed that level of inflation remains high and this requires continuity of the current monetary stance to bring inflation down to the target range of 5 – 7% by September 2025.
The MPC noted the latest data continues to depict moderate pick-up in economic activity, led by agriculture.
Similarly, the external current account balance is turning out better than anticipated.
