Karachi: Today, the State Bank is set to unveil a fresh monetary policy, with the bank facing pressure from the International Monetary Fund (IMF) to raise the policy rate.
As per the information provided, the Monetary Policy Committee of the Government of Pakistan is scheduled to convene at the State Bank of Pakistan in Karachi to discuss and determine the monetary policy.
Following the committee meeting, the monetary policy will be announced through a press release issued by the State Bank.
According to economists, recent days have witnessed a slight decline in inflation, attributed to lower petrol prices and a stabilized dollar exchange rate. Consequently, it is anticipated that the State Bank will not make any changes to the policy rate.
However, economists indicate that the interest rate for banks is likely to remain at 21%. They also mention the pressure from the IMF to raise the policy rate, suggesting that the State Bank may consider increasing it in order to satisfy the IMF’s expectations.
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