State Bank announces new monetary policy

State Bank announces new monetary policy
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KARACHI: The State Bank of Pakistan announced its monetary policy on Saturday.

It was decided that interest rate for the next two months will be maintained at 5.75 percent.

State Bank of Pakistan to borrow Rs. 1.6 trillion to plug fiscal deficit 

Inflation rates have increased, the State Bank maintained, adding that inflation rate in October this year remained at 4.2 percent. Compared to October 2015, inflation rates showed a 1.6 percent increase.

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