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SBP to review monetary policy on January 29

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KARACHI – The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday, January 29, 2024.

SBP Governor Jameel Ahmad will announce the monetary policy decision at a press conference on the same day after the MPC meeting.

As per experts, SBP is likely to maintain the interest rate in the said policy review meeting.

As the key policy rate already stands at a record high of 22pc, brokerage houses predicted that Pakistan’s central bank will avoid upward revision due to economic slowdown and already high borrowing costs.

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