KARACHI – The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is set to hold a crucial meeting in Karachi today.
The committee is to review the country’s economic indicators and determine the key policy rate for the next six weeks.
The SBP spokesperson said that a detailed statement would be issued following the meeting, outlining all key decisions and points related to the monetary policy.
This meeting is part of the MPC’s regular schedule and will assess the current financial and macroeconomic conditions before deciding on any changes to the policy rate.
In its previous meeting held on May 5, the SBP had slashed the benchmark interest rate by 100 basis points, setting it at 11 percent. The decision was widely welcomed by business leaders and economic analysts.
The experts believed that with inflation showing signs of easing and the need to stimulate economic activity, the central bank may consider another rate cut in today’s session.
