Finance

SBP likely to increase interest rate 100 bps

Karachi, July 12, 2019: The Monetary Policy Committee of State Bank of Pakistan (SBP) will meet next week on Tuesday, July 16, 2019, at SBP Head Office Karachi to decide about monetary policy rate for the next two months.  

Governor SBP, Dr Reza Baqir, will unveil the decision of the MPC at a press conference at 4:00 p.m. on the same day.

Analysts are expecting that Monetary Policy Committee of State Bank of Pakistan is most likely to increase the key policy rate by 100 basis points aimed at higher inflation and pressure on the external account.

Read More: SBP governor meets international investors

The International Monetary Fund has also asked Pakistan for a tight monetary policy to control the inflation and limited the government borrowing from SBP.

The policy rate currently stands at 12.25 percent and was last announced on May 20, 2019.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close