KARACHI – The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Tuesday, December 12, 2023 in Karachi to decide about the Monetary Policy.
The SBP will issue the Monetary Policy Statement through a press release on the same day after conclusion of the last MPC meeting of 2023.
The recent developments suggest that the SBP will either slash the interest rate or keep it unchanged till the next MPC meeting.
The IMF executive board will meet early next year to consider approval of the Staff-Level Agreement with Pakistan for the first review of the $3 billion Stand-By Arrangement.
The strengthening of local currency against the dollar and a slight drop in inflation are also encouraging signs for the economy.
As per the experts, there is no reason for enhancing the interest rate after a decrease in inflation and appreciation of the rupee against foreign currencies.
“The SBP will either slightly decrease the interest rate or keep it unchanged till the next MPC meeting”, experts say.
The mark-up rate in Pakistan is currently at 22 per cent which is already high as compared to other countries in the region.
