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SBP likely to maintain status quo in interest rate

SBP rubbishes rumours of limiting ATM cash withdrawal to Rs1,000
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Staff Reporter

Pakistan’s central bank likely to maintain the benchmark interest rate at 7% for the seventh time in a row in a 15-month period through its next bi-monthly monetary policy statement (MPS) to be announced today.

The State Bank of Pakistan (SBP) may maintain the interest rate despite the fact that inflation has remained elevated and real interest rate stands at a negative 1-1.25% at present.

 

 

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