KARACHI (Dunya News) – The State Bank of Pakistan's Monetary Policy Committee will announce the new interest rate for the next one and a half months.
The meeting has drawn significant attention from business community, with investors and traders hopeful that the policy rate will fall into the single-digit range.
In the previous monetary policy review, the central bank reduced the policy rate by 50 basis points, bringing it down to 10.5%.
Given that inflation has remained within the SBP's target range, expectations are high for another rate cut, which is likely to be decided in today's meeting.
Data shows that the policy rate has remained in double digits for the past four years.
Investors believe that reducing the interest rate to single digits will send a strong signal of economic recovery and stability, likely boosting business activity and investment.