The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet next week on Monday, July 29, 2024, to decide on the Monetary Policy.
This was stated by Deputy Governor State Bank of Pakistan, Saleem Ullah at the sidelines of a conference in Karachi.
The central bank last month decreased the interest by 150 basis points to 20.5 percent, the first decrease in four years.
The central bank may opt for a cautious approach despite a few encouraging trends. A forecast on inflation is expected to play a crucial role in determining the key interest rate next week.
In its previous MPC announcement, SBP noted some upside risks to the near-term inflation outlook associated with the new 2024-25 budgetary measures and uncertainty regarding future energy price adjustments.
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Technically sbp have to increase the interest rate or IMF will not happy
sbp must bring down kibor to 5 %
banks have been profited by giving domestic highest kibor loans to government of Pakistan. all the profits going in pockets of seths, elites , i wonder finance minster should immediately take stance and get it reduced its only putting burden on public at large