ISLAMABAD – State Bank of Pakistan announces the policy interest rates fornext two months.
Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) hasdecided to leave the policy rate unchanged at 13.25 percent in view withthe stabilization of the macro-economic indicators of the country.
The decision reflected the MPC’s view that inflation outcomes have beenlargely as expected and inflation projections for FY20 have remainedunchanged since the last MPC meeting on 16th July, 2019.
The MPC also viewed that, based on available information, the currentstance of monetary policy was appropriate to bring inflation down to thetarget range of 5 – 7 percent over the next twenty-four months.
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The MPC considered key economic developments since the last MPC meeting,developments in the real, external and fiscal sectors, and the resultingoutlook for monetary conditions and inflation.
