The State Bank of Pakistan (SBP) is set to announce its monetary policy on Monday, with analysts forecasting a potential interest rate cut of up to 2 percent.
The Monetary Policy Committee (MPC), led by the SBP Governor, will convene on November 4th to assess the country’s micro and macroeconomic conditions, along with international developments, before finalizing the policy rate.
Economic analysts suggest that as inflation has decreased to single digits, there is a significant likelihood of a 2 percent reduction in the interest rate, which currently stands at 17.5 percent.
In this article:Monetary Policy, MPC, Pakistan, SBP, The Truth International, TTI Magazine
Written By
Hina Kashif
