SBP leaves policy rate unchanged at 13.25pc
Reza Baqir further said economic stability is further improving with job creation expected to rise.
KARACHI (Dunya News) – State Bank of Pakistan (SBP) on Tuesday decided to keep the policy rate unchanged at 13.25 percent for the next two months.
Addressing a press conference in Karachi on Tuesday, Governor SBP Dr Reza Baqir said interest rate has not been changed as inflation rate is expected to remain at 11 to 12 percent this year. However, he said, the improvements in supply are likely to reduce the inflation rate.
Reza Baqir further said economic stability is further improving with job creation expected to rise. He said agricultural production may not meet its target this year.
He said an increase of Rs100 billion is being made in working capital scheme.
