On Monday, State Bank of Pakistan (SBP) will announce its Monetary Policy to set interest rates for the next two months.
A statement earlier said, “The monetary policy committee (MPC) of the central bank will meet today at SBP Karachi to decide about Monetary Policy and it will issue the Monetary Policy Statement through a press release on the same day,”
The experts are expecting the interest rate likely to be fixed slightly downward with most of them predicting that the central bank will opt to reduce the rate by 25 basis points.
Pakistan Bureau of Statistics (PBS) has rebased its Consumer Price Index (CPI). The change in the base year reduced CPI by 1.13 percent YoY in Aug’19. The change in base year of the CPI by the PBS expected to set the inflation rate at 9.6 percent.
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27 September, 2019