Business

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%.

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