The State Bank of Pakistan, in a recent meeting of its Monetary PolicyCommittee (MPC) on Thursday, announced its decision to maintain theinterest rate at 22%, despite earlier predictions from various brokeragehouses suggesting a potential increase of up to 200 basis points, whichwould have brought it to 24%.
This decision was influenced by the observation that inflation, which hadsurged in recent months, was now showing signs of slowing down.
The MPC stated, “The decision to keep the interest rate unchanged is basedon the latest inflation data, which indicates a continuous decrease fromits peak of 38% in May to 27.4% in August 2023
