State Bank of Pakistan announces the policy interest rates for next two months

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State Bank of Pakistan announces the policy interest rates for next two months

ISLAMABAD - State Bank of Pakistan announces the policy interest rates for next two months.

Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to leave the policy rate unchanged at 13.25 percent in view with the stabilization of the macro-economic indicators of the country.

The decision reflected the MPC’s view that inflation outcomes have been largely as expected and inflation projections for FY20 have remained unchanged since the last MPC meeting on 16th July, 2019.

The MPC also viewed that, based on available information, the current stance of monetary policy was appropriate to bring inflation down to the target range of 5 – 7 percent over the next twenty-four months.

The MPC considered key economic developments since the last MPC meeting, developments in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation.