State Bank released monetary policy, interest rate kept at 15 percent

The State Bank of Pakistan has announced the monetary policy for the next one and a half months.

According to the announcement, the State Bank has not increased or decreased the interest rate and has maintained it at 15 percent.

Inflation is in line with expectations, with interest rate hikes in line with other emerging markets, the statement said.

According to the declaration, the current account deficit should be stopped to stabilize the rupee and external pressure.

It should be noted that last July the inflation rate was recorded at 24.93%.

Related posts

Power Consumers Facing Increased Financial Burden: Nepra’s Latest Amendment

Daily News

Another Rs4 billion approved for PIA

Daily News

Inflation shatters all records, economist says inflation is likely to remain elevated

Daily News

Badin tomato growers show grave concern as prices crash

Daily News

Corona’s third wave is entering with strong economic indicators: Governor SBP

Daily News

Increase in tariff from 8 to 112%, new tariff of Sui Northern Gas implemented

Daily News

Leave a Comment