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State Bank to announce monetary policy today

Dunya News

Financial experts believe there will be no change in interest rates.

The State Bank of Pakistan will declare its monetary policy for the next two months today. After November 2009, the interest rate was increased by 2.5 percent for the next year. However, in November 2010, discount rate was increased to 14 percent after an addition of 50 basis points. The central bank has not changed the policy since then.The government has not crossed the limit of loans during the current quarter which is being seen as good omen. Besides, the rate of inflation is also expected to stay at 14 percent during the current fiscal year. However, increase in the rate of inflation is expected due to rising prices of crude oil and electricity which could force the central bank to increase interest rates.
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